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Thor Mining
(LSE:THR)
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Rating:46Neutral
Price Target:
0.54 p
▼(-7.07% Downside)
Action:Reiterated
Date:10/03/26
The score is primarily held back by weak financial performance—zero revenue, ongoing losses, and persistent cash burn—despite a low-debt balance sheet. Technical indicators are mostly neutral, offering only modest support, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Low Financial Leverage
A debt-free balance sheet reduces solvency and interest-burden risk while preserving flexibility to fund exploration activity. The meaningful equity base gives Thor more capacity to pursue projects or strategic options before financial leverage becomes a constraint.
Negative Factors
No Revenue Base
Without reported revenue, Thor lacks an operating income base to fund exploration, corporate costs, or project development. This makes financial progress dependent on advancing assets toward monetization or securing external capital rather than on recurring commercial cash inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Financial Leverage
A debt-free balance sheet reduces solvency and interest-burden risk while preserving flexibility to fund exploration activity. The meaningful equity base gives Thor more capacity to pursue projects or strategic options before financial leverage becomes a constraint.
Read all positive factors
Thor Mining (THR) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£5.67M
Dividend YieldN/A
Average Volume (3M)2.15M
Price to Earnings (P/E)―
Beta (1Y)-0.02
Revenue GrowthN/A
EPS Growth84.44%
CountryUK
Employees3
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding1,030,072,600
10 Day Avg. Volume913,136
30 Day Avg. Volume2,150,951
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.70
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
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -10.00K | -26.00K | -39.00K | -15.00K | -38.00K |
| EBITDA | -1.01M | -7.35M | -2.51M | -1.24M | -2.09M |
| Net Income | -1.43M | -7.44M | -2.47M | -1.53M | -2.10M |
Balance Sheet | |||||
| Total Assets | 8.62M | 9.44M | 13.50M | 12.63M | 13.01M |
| Cash, Cash Equivalents and Short-Term Investments | 1.45M | 686.00K | 805.00K | 1.17M | 233.00K |
| Total Debt | 0.00 | 10.00K | 27.00K | 10.00K | 21.00K |
| Total Liabilities | 143.00K | 208.00K | 241.00K | 326.00K | 403.00K |
| Stockholders Equity | 8.44M | 9.20M | 13.26M | 14.42M | 12.31M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | 0.00 | 0.00 | -1.47M | -1.20M |
| Operating Cash Flow | -791.00K | -901.00K | -565.00K | -757.00K | -631.00K |
| Investing Cash Flow | 1.58M | -86.00K | -771.00K | -1.31M | -448.00K |
| Financing Cash Flow | -11.00K | 918.00K | 1.24M | 2.32M | 1.87M |
Thor Mining Technical Analysis
Neutral
0.58
Price Trends
0.54
Positive
0.56
Negative
0.58
Negative
Market Momentum
<0.01
Positive
50.65
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 Neutral. The current price of 0.58 is above the 20-day moving average (MA) of 0.56, above the 50-day MA of 0.54, and below the 200-day MA of 0.58, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.65 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 Neutral 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 | £5.67M | -3.93 | -17.27% | ― | ― | 84.44% | |
45 Neutral | £70.28M | -1.73 | 91.74% | ― | -38.70% | 78.95% | |
44 Neutral | £3.45M | -2.03 | -8.44% | ― | ― | 42.67% | |
43 Neutral | £3.89M | -1.88 | 29.39% | 10.33% | ― | 2.80% | |
42 Neutral | £4.36M | -0.39 | -12.61% | ― | ― | 33.62% | |
41 Neutral | £8.60M | -2.88 | -140.33% | ― | ― | ― |
* Basic Materials Sector Average
GB:THR
Thor Mining
0.55
-0.07
-11.29%
GB:BEM
Beowulf Mining
5.25
-5.25
-50.00%
GB:URU
URU Metals
2.65
-1.60
-37.65%
GB:VAST
Vast Resources
4.25
-2.50
-37.04%
GB:PXC
Phoenix Copper
0.55
-2.70
-83.08%
GB:IMC
IMC Exploration Group Plc
1.05
0.36
51.08%
Thor Mining Corporate Events
Business Operations and StrategyM&A Transactions
Thor Energy sharpens focus on South Australian hydrogen and helium as seismic work and asset sales reshape portfolio
Positive
Sep 30, 2026
Thor Energy reported a defining 2025–26 year, highlighted by strong Phase 2 soil geochemistry results at its 80.2%-owned HY-Range natural hydrogen and helium project in South Australia, where readings far above background levels have validat...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Thor Energy secures first A$1.3m deferred payment from Molyhil sale to fund hydrogen and minerals push
Positive
Sep 15, 2026
Thor Energy has received the first annual deferred completion payment of A$1.3125 million from Tivan Limited for the sale of its 75% stake in the Molyhil tungsten, molybdenum and copper project, lifting its unaudited cash balance to A$2.95 million...
Business Operations and Strategy
Thor Energy to Showcase Natural Hydrogen Expertise at PESA Event
Positive
Aug 17, 2026
Thor Energy PLC said managing director Andrew Hume has been invited to present to the Petroleum Exploration Society of Australia as one of four specialist speakers on natural hydrogen and helium. His participation in the month-long initiative is a...
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...
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.