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

Thor Explorations (LON:THX)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a research note issued to investors on Monday, MarketBeat reports. They presently have a GBX 38 ($0.51) price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential downside of 11.63% from the stock’s previous close.

Thor Explorations Stock Performance

Shares of LON:THX opened at GBX 43 ($0.58) on Monday. Thor Explorations has a 52 week low of GBX 13.20 ($0.18) and a 52 week high of GBX 45 ($0.60). The company has a market capitalization of £357.54 million, a PE ratio of 6.57 and a beta of 1.49. The company has a 50 day moving average price of GBX 38.24 and a two-hundred day moving average price of GBX 28.73.

Insider Buying and Selling

In other news, insider Adrian J. G. Coates bought 29,032 shares of the stock in a transaction on Friday, May 30th. The stock was purchased at an average price of GBX 36 ($0.48) per share, with a total value of £10,451.52 ($13,993.20). Insiders own 12.12% 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).