Thor Explorations (LON:THX) Earns “Buy” Rating from Canaccord Genuity Group

Thor Explorations (LON:THX)‘s stock had its “buy” rating reiterated by equities researchers at Canaccord Genuity Group in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 140 price objective on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 75.00% from the company’s previous close.

Thor Explorations Price Performance

Shares of LON THX opened at GBX 80 on Thursday. The stock has a market capitalization of £533.26 million, a price-to-earnings ratio of 3.25 and a beta of 1.75. The business has a 50-day moving average of GBX 80.38 and a 200-day moving average of GBX 73.02. Thor Explorations has a fifty-two week low of GBX 25.70 and a fifty-two week high of GBX 101.

Insider Buying and Selling

In related news, insider Adrian J. G. Coates sold 39,700 shares of Thor Explorations stock in a transaction dated Monday, February 16th. The stock was sold at an average price of GBX 83, for a total transaction of £32,951. Insiders own 12.62% of the company’s stock.

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).