Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Thor Explorations's share price for the quarter that ended in Mar. 2026 was C$1.4. Thor Explorations's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 666.6 Mil. Therefore, Thor Explorations's market cap for the quarter that ended in Mar. 2026 was C$933.2 Mil.
Thor Explorations's quarterly market cap
increased
from Sep. 2025 (C$838.3 Mil) to Dec. 2025 (C$844.9 Mil) and
increased
from Dec. 2025 (C$844.9 Mil) to Mar. 2026 (C$933.2 Mil).
Thor Explorations's annual market cap
increased
from Dec. 2023 (C$157.5 Mil) to Dec. 2024 (C$210.3 Mil) and
increased
from Dec. 2024 (C$210.3 Mil) to Dec. 2025 (C$844.9 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Thor Explorations's Enterprise Value for Today is C$475.4 Mil.
Thor Explorations (TSXV:THX) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Thor Explorations Market Cap Related Terms
Thor Explorations Market Cap Historical Data
* Premium members only.
The historical data trend for Thor Explorations's Market Cap 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.
For the Gold subindustry, Thor Explorations's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thor Explorations Market Cap vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Thor Explorations's Market Cap distribution charts can be found below:
* The bar in red indicates where Thor Explorations's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Thor Explorations's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (TSXV:THX) has a Market Cap of C$699.9 Mil as of Jul. 13, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Thor Explorations and its competitors. According to the industry distribution chart, Thor Explorations ranks #431 out of 2687 companies in the Metals & Mining industry, placing it in the top 16%.
Is Thor Explorations' Market Cap too high?
Thor Explorations' current Market Cap is C$699.9 Mil. Based on the distribution chart, Thor Explorations ranks #431 out of 2687 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Thor Explorations has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thor Explorations' Market Cap compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Thor Explorations ranks #431 out of 2687 companies for Market Cap. This places Thor Explorations in the top 16% of its industry — outperforming the majority of peers. The industry median Market Cap is 21.85. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Metals & Mining company?
The median Market Cap among Metals & Mining companies is 21.85, based on 2,687 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Thor Explorations and its competitors. For the Metals & Mining industry, the median Market Cap is 21.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thor Explorations's current Market Cap is C$699.9 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$1.05 — trading 47.9% above its estimated fair value. The current Market Cap is C$699.9 Mil. Thor Explorations' overall GF Score™ is 43/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Thor Explorations (TSXV:THX), the current Market Cap is C$699.9 Mil as of Jul. 13, 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$1.05 is trading 47.9% above its estimated GF Value™ of C$0.71.
GuruFocus considers Thor Explorations to be Significantly Overvalued.
Key valuation signals for TSXV:THX:
Market Cap: C$699.9 Mil
GF Value™: C$0.71 vs. price of C$1.05 (47.9% above fair value)
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 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.
43GF Score
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