Thor Explorations (CVE:THX) Upgraded by Canaccord Genuity Group to Strong-Buy

Canaccord Genuity Group upgraded shares of Thor Explorations (CVE:THX - Free Report) to a strong-buy rating in a research report report published on Wednesday morning, Zacks.com reports.

Thor Explorations Stock Performance

Shares of CVE THX traded up C$0.02 during midday trading on Wednesday, reaching C$0.28. 183,476 shares of the stock were exchanged, compared to its average volume of 211,996. The company has a quick ratio of 0.04, a current ratio of 0.51 and a debt-to-equity ratio of 13.10. The firm has a market cap of C$183.70 million, a price-to-earnings ratio of 4.00 and a beta of 1.48. The firm has a 50-day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.27. Thor Explorations has a twelve month low of C$0.17 and a twelve month high of C$0.35.

Thor Explorations (CVE:THX - Get Free Report) last posted its earnings results on Friday, August 23rd. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$73.72 million for the quarter. Thor Explorations had a return on equity of 26.68% and a net margin of 22.72%. As a group, analysts anticipate that Thor Explorations will post 0.1772152 EPS for the current fiscal year.

About Thor Explorations

Thor Explorations Ltd., together with its subsidiaries, operates as a gold producer and explorer. The company also explores for silver deposits. Its flagship property is the Segilola Gold Project in Nigeria. The company was incorporated in 1968 and is based in Vancouver, Canada.