Thor Energy (LON:THR) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Thor Energy Plc (LON:THR) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 Trading Down 4.4 %

The business has a 50-day moving average of GBX 0.61 and a 200-day moving average of GBX 0.71. The company has a quick ratio of 3.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.20. The stock has a market cap of £2.40 million, a price-to-earnings ratio of -0.72 and a beta of 0.36.

Thor Energy (LON:THR) last announced its quarterly earnings results on Friday, March 14th. The company reported GBX (0.10) ($0.00) EPS 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.