Thor Energy Share News (THR)

Thor Energy Information

Share Price Information for Thor Energy (THR)

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0.55 0.00 (0.00%)

Bid:

0.50

Ask:

0.60

Spread: 0.10 (20.00%)

Market Cap: £5.67m

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Intraday Thor Energy Share Chart

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IN BRIEF: Thor Energy proposes share consolidation to reduce shares

Fri, 04th Aug 2023 11:25

Thor Energy PLC - uranium and vanadium explorer - Calls general meeting on August 23 to seek shareholder approval for a new share consolidation of one share for every 10 existing shares; to issue and allot shares to Spencer Metals Pty Ltd following its acquisition of a 29% interest in a portion of exploration licenses; and an issue of performance shares to directors. Thor Energy says it has a large number of shares on issue, at a disproportionate number relative to its peers.

"For shares of low denominations, small absolute movements in the share price can represent large percentage movements resulting in volatility and the bid-offer spread on shares priced at low absolute levels can be disproportionate to the share price and therefore to the detriment of shareholders," says Thor Energy.

Current stock price: 0.24 pence, down 7.7% on Friday

12-month change: down 50%

By Will Neill, Alliance News reporter

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