Thor Explorations (LON:THX) Stock Rating Reaffirmed by Canaccord Genuity Group

Thor Explorations (LON:THX)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity Group in a research report issued on Wednesday, LSE.Co.UK reports. They presently have a GBX 30 ($0.39) price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 106.90% from the company’s current price.

Thor Explorations Trading Down 7.9 %

Shares of LON THX traded down GBX 1.25 ($0.02) during mid-day trading on Wednesday, reaching GBX 14.50 ($0.19). The company had a trading volume of 1,209,465 shares, compared to its average volume of 473,723. The firm has a 50 day simple moving average of GBX 16.72 and a two-hundred day simple moving average of GBX 15.60. Thor Explorations has a 52-week low of GBX 10 ($0.13) and a 52-week high of GBX 20.25 ($0.26). The stock has a market cap of £95.13 million, a P/E ratio of 362.50 and a beta of 1.49.

Insider Activity at Thor Explorations

In other Thor Explorations news, insider Adrian J. G. Coates sold 105,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of GBX 19 ($0.25), for a total value of £19,950 ($26,051.19). Insiders own 12.12% of the company’s stock.

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.