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Thor Mining ( (GB:THR) ) has provided an update.
Thor Energy PLC announced changes in shareholdings among its directors, with Tim Armstrong, a Non-Executive Director, selling 4,500,000 ordinary shares to meet personal tax liabilities, leaving him with no direct interest in the company but retaining an indirect interest through unquoted performance shares. Additionally, the company issued 30,000,000 unquoted performance shares to CEO Andrew Hume and 15,000,000 to Non-Executive Director Lincoln Moore, following shareholder approval, indicating strategic moves to align management interests with company performance.
Spark’s Take on GB:THR Stock
According to Spark, TipRanks’ AI Analyst, GB:THR is a Underperform.
Thor Mining’s overall stock score is hindered by severe financial challenges, including no revenue and liquidity issues. However, positive corporate developments in the clean energy sector provide a glimmer of future growth potential. The stock’s bearish technical indicators and negative valuation metrics further weigh on the score.
To see Spark’s full report on GB:THR stock, click here.
More about Thor Mining
Thor Energy PLC is involved in the exploration of hydrogen and helium, which are essential in transitioning to a clean energy economy. The company also has interests in uranium and other energy metals.
Average Trading Volume: 1,214,250
Technical Sentiment Signal: Sell
Current Market Cap: £5.67M
Learn more about THR stock on TipRanks’ Stock Analysis page.