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Thor Mining
(LSE:THR)
Select Model
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Rating:43Neutral
Price Target:
0.64 p
▲(9.83% Upside)
Action:Reiterated
Date: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)
Very low debt reduces solvency and interest-coverage risk for an exploration company that lacks operating revenue. This structural strength gives management flexibility to pursue farm-outs, asset sales or equity raises without imminent refinancing pressure, supporting durability over months.
Negative Factors
No recurring revenue; rising net losses
Persistent zero revenue and materially worsening losses indicate the company is not yet delivering commercial production. Without operating sales, THR must rely on financing or partners, increasing execution risk and making operational sustainability dependent on capital markets and asset disposals.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage (minimal debt)
Very low debt reduces solvency and interest-coverage risk for an exploration company that lacks operating revenue. This structural strength gives management flexibility to pursue farm-outs, asset sales or equity raises without imminent refinancing pressure, supporting durability over months.
Read all positive factors
Thor Mining (THR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£5.41M
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)―
Beta (1Y)0.11
Revenue GrowthN/A
EPS Growth-400.00%
CountryUK
Employees3
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,030,072,600
10 Day Avg. Volume1,365,678
30 Day Avg. Volume1,289,288
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, founded in 2004 and based in London, UK, is an enterprise focused on the exploration and development of mineral assets across Australia and the United States. Its exploration efforts target a diverse range of commodities, includin...
How the Company Makes Money
Thor Mining generally makes money through the mining project lifecycle: (1) progressing exploration assets to increase their value (via geological studies, drilling, and resource definition) and then monetizing that value through asset sales, farm...
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 | 21.00K | 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 | -613.00K | 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
Negative
0.58
Price Trends
0.54
Negative
0.58
Negative
0.58
Negative
Market Momentum
>-0.01
Positive
44.88
Neutral
15.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:THR, the sentiment is Negative. The current price of 0.58 is above the 20-day moving average (MA) of 0.53, above the 50-day MA of 0.54, and below the 200-day MA of 0.58, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 44.88 is Neutral, neither overbought nor oversold. The STOCH value of 15.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
50 Neutral | £7.12M | -4.26 | -8.44% | ― | ― | 42.67% | |
46 Neutral | £3.83M | -2.58 | 22.96% | 10.33% | ― | 80.88% | |
45 Neutral | £74.42M | -1.87 | 91.74% | ― | -38.70% | 78.95% | |
43 Neutral | £5.41M | -0.58 | -94.46% | ― | ― | -400.00% | |
43 Neutral | £12.28M | -4.59 | -57.43% | ― | ― | ― | |
39 Underperform | £4.98M | -0.46 | -10.97% | ― | ― | 49.42% |
* Basic Materials Sector Average
GB:THR
Thor Mining
0.50
-0.02
-3.85%
GB:BEM
Beowulf Mining
11.00
0.75
7.32%
GB:URU
URU Metals
4.10
0.85
26.15%
GB:VAST
Vast Resources
4.30
-4.70
-52.22%
GB:PXC
Phoenix Copper
0.58
-2.47
-81.15%
GB:IMC
IMC Exploration Group Plc
1.50
0.92
156.41%
Thor Mining Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Thor Energy strengthens HY-Range hydrogen programme on solid Q2 cash base
Positive
Jul 29, 2026
Thor Energy has reported a solid Q2 2026 financial position, ending the quarter with A$2.815m in cash and expecting an additional A$1.3125m deferred payment in September from the sale of its FRAM Joint Venture. Net cash outflows of A$501,000 refle...
Business Operations and Strategy
Thor Energy awards major 2D seismic contract for HY-Range hydrogen project
Positive
Jun 24, 2026
Thor Energy has awarded a major 2D seismic acquisition contract to Australian contractor Velseis for its 80.2%-owned HY-Range hydrogen and helium project in South Australia. The programme will collect about 464 line-kilometres of onshore seismic d...
Business Operations and Strategy
Thor Energy’s HY-Range Survey Confirms High Natural Hydrogen Readings in South Australia
Positive
Jun 9, 2026
Thor Energy has reported preliminary Phase-2 soil air geochemistry results from its 80.2%-owned HY-Range natural hydrogen project in South Australia, with recorded concentrations reaching up to 3% hydrogen, far above background levels. The program...
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.