Thor Explorations (TSXV:THX) Inventories, Finished Goods: C$14.6 Mil (As of Mar. 2026)

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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSXV:THX Thor Explorations Ltd TSXV:THX
45 GF Score
Price C$1.08
GF Value C$0.71
Valuation Significantly Overvalued
! 1 Warning Sign
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What is Thor Explorations Inventories, Finished Goods?

Thor Explorations TSXV:THX -0.46% 45 Inventories, Finished Goods is C$14.6 Mil as of Mar. 2026. GuruFocus rates TSXV:THX with a GF Score™ of 45/100 and a GF Value™ of C$0.71 (Significantly Overvalued). The stock has 1 warning sign investors should review.

Thor Explorations's quarterly finished goods declined from Sep. 2025 (C$6.2 Mil) to Dec. 2025 (C$4.4 Mil) but then increased from Dec. 2025 (C$4.4 Mil) to Mar. 2026 (C$14.6 Mil).

Thor Explorations's annual finished goods increased from Dec. 2023 (C$5.3 Mil) to Dec. 2024 (C$8.1 Mil) but then declined from Dec. 2024 (C$8.1 Mil) to Dec. 2025 (C$4.4 Mil).

Thor Explorations Inventories, Finished Goods Historical Data

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The historical data trend for Thor Explorations's Inventories, Finished Goods can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Thor Explorations Inventories, Finished Goods Chart

Thor Explorations Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Finished Goods
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.06 4.38 5.25 8.07 4.43

Thor Explorations Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventories, Finished Goods Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.98 5.63 6.25 4.43 14.59
TSXV:THX
45GF Score
Thor Explorations Ltd TSXV:THX
Inventories, Finished Goods is just one metric. See GF Score™, valuation, warning signs, and more.
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Thor Explorations Inventories, Finished Goods Calculation

The products in a manufacturer's inventory that are completed and are waiting to be sold.

What does a Inventories, Finished Goods of C$14.6 Mil mean?
Thor Explorations (TSXV:THX) has a Inventories, Finished Goods of C$14.6 Mil as of Mar. 2026. Finished goods are inventory items that are complete and ready to be sold. View historical data on Thor Explorations and its competitors.
Is Thor Explorations' Inventories, Finished Goods too high?
Thor Explorations' current Inventories, Finished Goods is C$14.6 Mil. Overall, Thor Explorations has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thor Explorations' Inventories, Finished Goods compare to NEM and AU?
Thor Explorations' Inventories, Finished Goods of C$14.6 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventories, Finished Goods for a Metals & Mining company?
A good Inventories, Finished Goods depends on the Metals & Mining industry context. However, Inventories, Finished Goods should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventories, Finished Goods mean?
A high Inventories, Finished Goods can signal that a stock is expensive relative to its fundamentals. Finished goods are inventory items that are complete and ready to be sold. View historical data on Thor Explorations and its competitors. Thor Explorations's current Inventories, Finished Goods is C$14.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thor Explorations stock overvalued right now?
Based on GuruFocus' analysis, Thor Explorations (TSXV:THX) is currently considered Significantly Overvalued. The stock's GF Value™ is C$0.71, compared to a current price of C$1.08 — trading 52.1% above its estimated fair value. The current Inventories, Finished Goods is C$14.6 Mil. Thor Explorations' overall GF Score™ is 45/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Finished Goods calculated?
Inventories, Finished Goods is calculated from a company's financial statements. For Thor Explorations (TSXV:THX), the current Inventories, Finished Goods is C$14.6 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thor Explorations (TSXV:THX) Overvalued in 2026?

Based on GuruFocus' analysis, Thor Explorations stock appears to be overvalued. The current stock price of C$1.08 is trading 52.1% above its estimated GF Value™ of C$0.71. GuruFocus considers Thor Explorations to be Significantly Overvalued.

Key valuation signals for TSXV:THX:

  • Inventories, Finished Goods: C$14.6 Mil
  • GF Value™: C$0.71 vs. price of C$1.08 (52.1% above fair value)
  • GF Score™: 45/100 with 1 warning sign

No single metric tells the full story. See the TSXV:THX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Thor Explorations Business Description

Other Exchanges THXPF:USATHX:UKT2X:Germany
Address 119 West Pender Street, No. 404, Vancouver, BC, CAN, V6B 1S5
Thor Explorations Ltd is a Canadian mineral exploration company engaged in the acquisition, exploration, development, and production of mineral properties located in Nigeria, Senegal, and Cote d'Ivoire. Its project portfolio includes the Segilola Gold Project located in Osun State, Nigeria; the Douta Gold Project located in south-eastern Senegal; and the Guitry Gold Project Cote d'Ivoire. Additionally, the company has entered into two further option agreements to earn the majority interest in the Marahui and Boundiali Exploration licences. Thor Explorations derives revenue mainly from the sale of gold and silver, of which substantial revenue is generated from gold. The company's operations comprise three reportable segments: the Segilola Mine Project, Exploration Projects, and Corporate.
45GF Score

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Inventories, Finished Goods is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$1.08
Price
C$0.71
GF Value