Thor Explorations Third Quarter 2024 Earnings: EPS: US$0.027 (vs US$0.003 in 3Q 2023)

Thor Explorations (CVE:THX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$40.2m (up 9.9% from 3Q 2023).
• Net income: US$17.5m (up by US$15.2m from 3Q 2023).
• Profit margin: 44% (up from 6.2% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: US$0.027 (up from US$0.003 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Thor Explorations Earnings Insights

Looking ahead, revenue is expected to decline by 9.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 17%.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 5.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Thor Explorations' balance sheet and an in-depth analysis of the company's financial position.

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