Canaccord Genuity Group Reaffirms Buy Rating for Thor Explorations (LON:THX)

Thor Explorations (LON:THX)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a report issued on Wednesday,Digital Look reports. They presently have a GBX 150 price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 99.21% from the company’s current price.

Separately, Shore Capital Group reissued a “buy” rating on shares of Thor Explorations in a research report on Monday, April 13th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 150.

Thor Explorations Stock Up 0.9%

Shares of LON THX traded up GBX 0.70 on Wednesday, hitting GBX 75.30. The company had a trading volume of 561,612 shares, compared to its average volume of 661,326. Thor Explorations has a 12-month low of GBX 28 and a 12-month high of GBX 101. The firm has a market capitalization of £501.92 million, a P/E ratio of 2.51 and a beta of 1.67. The business has a 50 day moving average of GBX 76.36 and a two-hundred day moving average of GBX 74.19.

Insider Activity

In other Thor Explorations news, insider Adrian J. G. Coates sold 39,700 shares of the company’s stock in a transaction that occurred on Monday, February 16th. The stock was sold at an average price of GBX 83, for a total value of £32,951. 12.62% of the stock is currently owned by insiders.

About Thor Explorations

Thor Explorations Ltd is a proven low-cost gold producer with a growing diversified Portfolio of mineral assets in West Africa, listed on both the AIM Market of the London Stock Exchange (AIM: THX) and the TSX Venture Exchange (TSX-V: THX).