Thor Energy (LON:THR) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Thor Energy Plc (LON:THR) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 0.81 ($0.01) and traded as low as GBX 0.76 ($0.01). Thor Energy shares last traded at GBX 0.80 ($0.01), with a volume of 23,864 shares changing hands.

Thor Energy Stock Up 12.5 %

The company has a quick ratio of 3.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The firm has a market cap of £3.41 million, a PE ratio of -80.00 and a beta of 0.36. The firm’s 50 day moving average is GBX 0.81 and its 200-day moving average is GBX 0.93.

About Thor Energy

Thor Energy Plc engages in the exploration and development of mineral properties in Australia and the United States. It explores for uranium, vanadium, copper, tungsten, molybdenum, gold, lithium, and nickel deposits. The company holds 100% interest in the Wedding Bell and the Radium Mountain Projects, located in Colorado and comprise of 199 mineral claims; and the Vanadium King project, located in south-east Utah and comprises of 100 mineral claims.