Thor Energy (LON:THR) Stock Price Down 12.5% – Here’s Why

Thor Energy Plc (LON:THRGet Free Report)’s share price fell 12.5% during mid-day trading on Monday . The company traded as low as GBX 0.77 ($0.01) and last traded at GBX 0.77 ($0.01). 380,050 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 342,340 shares. The stock had previously closed at GBX 0.88 ($0.01).

Thor Energy Stock Performance

The business’s fifty day simple moving average is GBX 0.81 and its 200-day simple moving average is GBX 0.91. The company has a current ratio of 3.66, a quick ratio of 3.19 and a debt-to-equity ratio of 0.29. The firm has a market cap of £3.03 million, a P/E ratio of -80.00 and a beta of 0.36.

About Thor Energy

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Thor Energy Plc engages in the exploration and development of mineral properties in Australia and the United States. It explores for uranium, vanadium, copper, tungsten, molybdenum, gold, lithium, and nickel deposits. The company holds 100% interest in the Wedding Bell and the Radium Mountain Projects, located in Colorado and comprise of 199 mineral claims; and the Vanadium King project, located in south-east Utah and comprises of 100 mineral claims.

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