Thor Energy shares rise as the explorer looks to hydrogen and helium with a bolstered cash position

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) shares strengthened in Wednesday morning's trade, climbing 10% to 0.66p, as the small-cap's first quarter update highlighted a stronger cash position that provides headroom as it advances its natural hydrogen and helium exploration portfolio. The firm's cash balance rose to stand at A$3.31 million by the end of March, after completing the sale of the Molyhil Tungsten-Molybdenum Project.