Thor Mining PLC (GB:THR)
LSE:THR
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Thor Mining
(LSE:THR)
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Rating:43Neutral
Price Target:
0.63 p
▲(25.40% Upside)
Action:ReiteratedDate:02/07/26
The score is held down primarily by very weak financial performance (no revenue, worsening losses, and ongoing operating cash burn), with only the low-debt balance sheet providing support. Technical signals are mixed-to-weak, and valuation is unattractive/unclear due to losses and no stated dividend.
Positive Factors
Low financial leverage
Minimal debt materially reduces solvency risk and preserves financial optionality for an exploration company. Over months this lower leverage supports the ability to pursue farm‑outs or staged project work without near‑term debt service constraints, improving strategic flexibility.
Negative Factors
No recurring revenue; rising losses
The absence of operating revenue combined with a sharp increase in net losses is a persistent structural weakness. Over a multi‑month horizon this erodes equity, limits capacity to self‑fund exploration, and raises the probability of dilutive financings or forced asset disposals to preserve operations.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
Minimal debt materially reduces solvency risk and preserves financial optionality for an exploration company. Over months this lower leverage supports the ability to pursue farm‑outs or staged project work without near‑term debt service constraints, improving strategic flexibility.
Read all positive factors
Thor Mining (THR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£6.44M
Dividend YieldN/A
Average Volume (3M)1.09M
Price to Earnings (P/E)―
Beta (1Y)-0.04
Revenue GrowthN/A
EPS Growth-400.00%
CountryUK
Employees3
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,030,072,600
10 Day Avg. Volume485,424
30 Day Avg. Volume1,090,820
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.43
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Thor Mining Business Overview & Revenue Model
Company Description
Thor Mining PLC engages in the exploration and development of mineral properties in Australia and the United States. It explores for tungsten, molybdenum, copper, uranium, vanadium, gold, and nickel deposits. The company holds 100% interests in th...
How the Company Makes Money
Thor’s primary economic model is typical of an exploration-stage resources company: it seeks to create value by acquiring mineral interests and investing in exploration and technical work to define mineralisation and improve project viability, the...
Thor Mining Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
62
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -22.00K | -26.00K | -39.00K | -15.00K | -38.00K | -37.00K |
| EBITDA | -7.44M | -7.35M | -2.51M | -1.24M | -2.09M | -881.00K |
| Net Income | -8.16M | -7.44M | -2.47M | -1.53M | -2.10M | -1.02M |
Balance Sheet | ||||||
| Total Assets | 8.39M | 9.44M | 13.50M | 12.63M | 13.01M | 12.77M |
| Cash, Cash Equivalents and Short-Term Investments | 787.00K | 686.00K | 805.00K | 1.17M | 233.00K | 233.00K |
| Total Debt | 0.00 | 10.00K | 27.00K | 10.00K | 10.00K | 42.00K |
| Total Liabilities | 274.00K | 208.00K | 241.00K | 326.00K | 403.00K | 290.00K |
| Stockholders Equity | 8.09M | 9.20M | 13.26M | 14.42M | 12.31M | 12.48M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 0.00 | 0.00 | -1.47M | -1.20M | -1.59M |
| Operating Cash Flow | -1.03M | -901.00K | -565.00K | -757.00K | -631.00K | -713.00K |
| Investing Cash Flow | 583.00K | -86.00K | -771.00K | -1.31M | -448.00K | -1.06M |
| Financing Cash Flow | 170.00K | 918.00K | 1.24M | 2.32M | 1.87M | 939.00K |
Thor Mining Technical Analysis
Positive
0.50
Price Trends
0.58
Positive
0.58
Positive
0.58
Positive
Market Momentum
<0.01
Negative
67.08
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:THR, the sentiment is Positive. The current price of 0.5 is below the 20-day moving average (MA) of 0.57, below the 50-day MA of 0.58, and below the 200-day MA of 0.58, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 67.08 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:THR.
Thor Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
46 Neutral | £5.72M | -1.40 | 22.96% | ― | ― | 80.88% | |
46 Neutral | £11.05M | -1.49 | -10.34% | ― | ― | ― | |
45 Neutral | £3.46M | -4.86 | -13.01% | ― | ― | -97.41% | |
43 Neutral | £6.44M | -1.02 | -66.28% | ― | ― | -400.00% | |
42 Neutral | £3.56M | -5.12 | -10.21% | ― | ― | 38.42% | |
40 Underperform | £6.00M | -0.53 | ― | ― | -38.70% | 78.65% |
* Basic Materials Sector Average
GB:THR
Thor Mining
0.63
0.13
25.00%
GB:BEM
Beowulf Mining
5.50
-7.00
-56.00%
GB:URU
URU Metals
5.90
1.35
29.67%
GB:VAST
Vast Resources
0.12
-0.30
-71.43%
GB:PXC
Phoenix Copper
1.20
-3.55
-74.74%
GB:IMC
IMC Exploration Group Plc
1.35
0.74
121.31%
Thor Mining Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresM&A Transactions
Thor Energy bolsters balance sheet as it pivots deeper into natural hydrogen and ISR copper
Positive
Apr 29, 2026
Thor Energy reported a transformative first quarter marked by the completion of the A$6.56m sale of its Molyhil tungsten-molybdenum project, providing a stronger balance sheet to fund exploration without equity dilution. The company advanced its n...
Business Operations and Strategy
Thor Energy advances HY-Range with completion of Phase 2 hydrogen survey
Positive
Mar 17, 2026
Thor Energy has completed its Phase 2 natural hydrogen and helium geochemical survey at the 80.2%-owned HY-Range project in South Australia, finishing the three‑month program safely and on budget. The work expanded coverage of earlier sampli...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Thor Energy sharpens energy focus with asset sales and hydrogen push
Positive
Mar 16, 2026
Thor Energy reported its half-year results to 31 December 2025, highlighting a strategy of rationalising and de-risking its asset base while advancing the HY-Range natural hydrogen and helium project in South Australia, where recent fieldwork conf...
Business Operations and StrategyExecutive/Board Changes
Thor Energy Deepens EnviroCopper Ties With Board Appointment
Positive
Mar 3, 2026
Thor Energy has strengthened its strategic involvement in EnviroCopper Limited by appointing non-executive director Lincoln Moore to the board of the copper-focused in-situ recovery specialist, in which Thor holds a 20% stake. EnviroCopper, active...
Business Operations and Strategy
Thor Energy Secures New Otway Basin Licences in Hydrogen and Helium Push
Positive
Feb 20, 2026
Thor Energy has expanded its natural hydrogen and helium footprint in South Australia through the award of two Regulated Substance Exploration Licence Applications, RSELA 810 and 811, in the onshore Otway Basin via a 50:50 joint venture with Perth...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.