Thor Explorations (Thor Explorations) Momentum Rank : 9 (As of Jun. 01, 2024)

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What is Thor Explorations Momentum Rank?

Thor Explorations has the Momentum Rank of 9.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Thor Explorations's Momentum Rank

For the Gold subindustry, Thor Explorations's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thor Explorations's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Thor Explorations's Momentum Rank falls into.

Thor Explorations Momentum Rank Related Terms

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Thor Explorations (Thor Explorations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thor Explorations Ltd (OTCPK:THXPF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

THX:UK T2X:Germany T2X:Germany THX:Canada

Address

1075 West Georgia Street, Suite 220, Vancouver, BC, CAN, V6EC9

Website

https://www.thorexpl.com

Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State of Nigeria and a 70% interest in the Douta Gold Project located in south-eastern Senegal. It also holds a 100% interest in the Bongui and Legue gold permits located in Hounde greenstone belt, southwest Burkina Faso. It has three reportable segments, the Segilola Mine Project, Exploration Projects, and Corporate.

Thor Explorations (Thor Explorations) Headlines

From GuruFocus

CORRECTION: 3.2M True Width Grading 11.4g/tAu Intersected at Maka South Prospect, Douta Gold Project, Senegal

By GlobeNewswire GlobeNewswire • 08-28-2018

Thor Explorations Ltd. Announces Private Placement of Up to US$15 million

By GlobeNewswire GlobeNewswire • 04-30-2019

Thor Announces Proposed Amendments to Stock Options

By GlobeNewswire GlobeNewswire • 07-05-2019