Thor Explorations (THX) Shares Down 22.2%

Thor Explorations Ltd (CVE:THX) shares dropped 22.2% during trading on Thursday . The company traded as low as C$0.13 and last traded at C$0.14. Approximately 101,000 shares traded hands during trading, an increase of 443% from the average daily volume of 18,614 shares. The stock had previously closed at C$0.18.

The company has a market capitalization of $66.72 million and a P/E ratio of -10.77.

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About Thor Explorations (CVE:THX)

Thor Explorations Ltd., a junior mineral exploration company, acquires, explores for, and develops mineral properties primarily in Nigeria, Senegal, and Burkina Faso. The company primarily explores for gold deposits. Its flagship project is the Segilola Gold project that comprises mining and exploration licenses covering an area of 17.2 square kilometers located in Osun State, Nigeria.

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