Thor Energy (LON:THR) Shares Cross Below 200 Day Moving Average – Time to Sell?

Thor Energy Plc (LON:THRGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.77 ($0.01) and traded as low as GBX 0.68 ($0.01). Thor Energy shares last traded at GBX 0.72 ($0.01), with a volume of 16,968 shares changing hands.

Thor Energy Trading Down 7.0 %

The business has a 50 day simple moving average of GBX 0.67 and a 200-day simple moving average of GBX 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.19 and a current ratio of 3.66. The stock has a market capitalization of £3.00 million, a P/E ratio of -0.90 and a beta of 0.36.

About Thor Energy

(Get Free Report)

Thor Energy PLC (ASX / AIM: THR) is an exploration company with a focus on uranium and energy metals that are crucial in the shift to a ‘green’ energy economy. Thor has a number of highly prospective projects that give shareholders exposure to uranium, nickel, copper, lithium and gold. Our projects (link) are located in Australia and the USA, both of which are top mining jurisdictions, and are poised for discovery success.

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