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

Thor Energy Plc (LON:THR) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.82 ($0.01) and traded as low as GBX 0.60 ($0.01). Thor Energy shares last traded at GBX 0.64 ($0.01), with a volume of 1,854,234 shares changing hands.

Thor Energy Price Performance

The company has a market cap of £2.42 million, a PE ratio of -64.00 and a beta of 0.36. The business’s 50 day moving average price is GBX 0.74 and its 200-day moving average price is GBX 0.82. The company has a quick ratio of 3.19, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

Thor Energy Company Profile

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.