TSX-V

Thor Explorations Ltd.

THX.V•Basic Materials•Gold
Current Price
$0.91
Today's Change
-1.89%
Market Cap
$623.25M
Volume
382.58K
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Commodity Exposure

Gold

Current Price
$4,018.20/oz
-1.04% today
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Industry Context

Mining companies typically trade at 5-9x EV/EBITDA due to commodity price volatility. Gold price movements significantly impact profitability.

Price updated: Oct 23, 2026, 03:00 PM

💡 Quick Take

Thor Explorations Ltd. is a natural resources company focused on the acquisition, exploration, development, and production of mineral properties primarily in West Africa and Canada. The company boasts strong financial health with impressive margins—gross margin at 69.3% and EBITDA margin at 76.4%—indicating efficient operations. However, the stock is currently trading at $1.00, reflecting potential market concerns despite solid profitability metrics. Additionally, a current ratio of 10.49 suggests excellent liquidity, yet the absence of debt raises questions about growth financing strategies.

Based on 27 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$1.93
52 Week Low$0.93
Avg Volume552.34K
Beta1.80
Shares Outstanding666.57M

🔥 Valuation

Market Cap$623.25M
Enterprise Value$473.60M
P/E Ratio2.19
EV/EBITDA ⚠️2.51x
Dividend Yield3.02%

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🚩 Red Flags

✅

No significant red flags identified

This company appears financially healthy on available metrics

🌟 Opportunities

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Exceptional revenue growth of 30.8% YoY demonstrates strong market demand and competitive positioning.

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Gross margin expanded by 6.8 percentage points, indicating improved pricing power or cost efficiency.

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Operating margin expanded by 6.2pp, demonstrating strong operational leverage.

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Both gross margin (+6.8pp) and operating margin (+6.2pp) are expanding simultaneously, indicating the company is scaling profitably.

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Exceptional gross margin of 68.7% indicates strong pricing power and competitive moat.

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