Skyharbour Resources Ltd. (CVE:SYH – Get Free Report)’s share price rose 43.1% during mid-day trading on Saturday . The stock traded as high as C$0.47 and last traded at C$0.47. Approximately 7,214,700 shares changed hands during mid-day trading, an increase of 1,130% from the average daily volume of 586,360 shares. The stock had previously closed at C$0.33.
More Skyharbour Resources News
Here are the key news stories impacting Skyharbour Resources this week:
- Neutral Sentiment: Market snapshot: SYH’s share price moved higher today with a very large spike in trading volume versus its recent average, suggesting fresh news or a new catalyst is driving investor interest. MarketBeat SYH summary
- Neutral Sentiment: Technical context: recent trading has pushed the stock above its recent moving averages, which may attract momentum traders if news supports the move.
Wall Street Analyst Weigh In
Separately, Fundamental Research set a C$1.12 price objective on shares of Skyharbour Resources and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$1.12.
Skyharbour Resources Price Performance
The business has a 50 day moving average price of C$0.35 and a 200 day moving average price of C$0.35. The stock has a market capitalization of C$95.07 million, a PE ratio of 93.00 and a beta of 1.26.
About Skyharbour Resources
Skyharbour Resources Ltd. engages in acquisition, exploration, and evaluation of uranium mineral properties. The company holds 51% interest in the Preston Uranium project covering an area of 49,635 hectares; 80% interest in the Hook Lake project consisting of 16 contiguous mineral claims covering an area of 25,847 hectares; and 100% earn-in option to acquire interest in the Yurchison project comprising 13 claims totaling area of 57,407 hectares located in Saskatchewan, Canada. It also holds 100% interest in the South Falcon Point project; and the Moore Lake Uranium project comprising 12 claims totaling area of 35,705 located in Saskatchewan, Canada.
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