Thor Energy (LON:THR) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Thor Energy Plc (LON:THR)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 0.69 ($0.01) and traded as low as GBX 0.45 ($0.01). Thor Energy shares last traded at GBX 0.46 ($0.01), with a volume of 989,249 shares.

Thor Energy Stock Performance

The company has a market capitalization of £2.17 million, a price-to-earnings ratio of -0.65 and a beta of 0.36. The stock has a 50 day simple moving average of GBX 0.59 and a 200 day simple moving average of GBX 0.69. The company has a quick ratio of 3.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.20.

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