With an advance of 31.58%, Thor Explorations Ltd. (CDX:THX:CA) was one of the best performing basic material stocks listed on the TSX Venture on February 16. After closing the previous session at $0.095, shares of THX:CA opened this morning at $0.125 and closed the day at $0.125. Throughout the day, about 1.28 million shares changed hands, compared to an average 30-day volume of 41,065 for Thor Explorations Ltd.. Shares moved as high as $0.15 and as low as $0.1 in today’s trading action.
The share appreciation gives the company a market capitalization of $27.09 million based upon 285.19 million shares outstanding.
In the past 52 weeks, shares of Thor Explorations Ltd. have traded as low as $0.02 and as high as $0.155. Technical traders will take note that at $0.125, shares of THX:CA are trading above their 50-day moving average (MA) at $0.124 and above their 200-day MA at above $0.11. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move above them or holding over them is typically regarded as bullish.
Who is $Thor Expls L?
Thor Explorations Ltd is a natural resources company. It is engaged in the acquisition, exploration and development of mineral properties, and is focused on early stage gold exploration projects located in West Africa. The company is led by its CEO Olusegun Lawson from its headquarters at 250-1075 West Georgia Street.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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