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

Thor Explorations (LON:THX)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a report released on Wednesday,Digital Look reports. They currently have a GBX 89 price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 41.27% from the stock’s current price.

Thor Explorations Stock Up 1.6%

Shares of LON THX traded up GBX 1 during mid-day trading on Wednesday, reaching GBX 63. 1,871,213 shares of the company were exchanged, compared to its average volume of 718,681. Thor Explorations has a 52 week low of GBX 15.50 and a 52 week high of GBX 77.60. The company’s 50 day moving average price is GBX 63.91 and its 200 day moving average price is GBX 50.14. The stock has a market capitalization of £413.32 million, a PE ratio of 3.01 and a beta of 1.49.

Thor Explorations Company Profile

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).