Thor Energy (LON:THR) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Thor Energy Plc (LON:THR)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0.71 ($0.01) and traded as low as GBX 0.50 ($0.01). Thor Energy shares last traded at GBX 0.50 ($0.01), with a volume of 9,354 shares traded.

Thor Energy Price Performance

The company has a market capitalization of £2.40 million, a P/E ratio of -0.72 and a beta of 0.36. The stock’s fifty day simple moving average is GBX 0.61 and its 200-day simple moving average is GBX 0.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.66 and a quick ratio of 3.19.

Thor Energy (LON:THR) last announced its earnings results on Friday, March 14th. The company reported GBX (0.10) ($0.00) earnings per share for the quarter.

About Thor Energy

Thor Energy PLC (ASX / AIM: THR) is an exploration company with a focus on uranium and energy metals that are crucial in the shift to a ‘green’ energy economy. Thor has a number of highly prospective projects that give shareholders exposure to uranium, nickel, copper, lithium and gold. Our projects (link) are located in Australia and the USA, both of which are top mining jurisdictions, and are poised for discovery success.