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Thor Explorations ( (TSE:THX) ) just unveiled an update.
Thor Explorations Ltd. has announced the exercise of 5,400,000 share options by its directors and other responsible persons, resulting in the issuance of new shares worth C$1,080,000. This move increases the company’s total issued share capital to 664,244,710 common shares, with a 12.06% interest held by directors and PDMRs, and the new shares will begin trading on January 24, 2025. This strategic financial maneuver is expected to strengthen Thor Explorations’ capital structure and potentially enhance its standing in the mining sector.
More about Thor Explorations
Thor Explorations Ltd. is a mineral exploration company focused on acquiring, exploring, and developing mineral properties in Nigeria, Senegal, and Burkina Faso. It holds a 100% interest in the Segilola Gold Project in Nigeria and a 70% economic interest in the Douta Gold Project in Senegal. The company is listed on the AIM and TSX Venture Exchange under the symbol ‘THX.’
YTD Price Performance: 9.68%
Average Trading Volume: 231,909
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$223.1M
For an in-depth examination of THX stock, go to TipRanks’ Stock Analysis page.
