Skyharbour Resources (CVE:SYH) Shares Up 2.1% – Time to Buy?

Skyharbour Resources Ltd. (CVE:SYH) shares rose 2.1% during trading on Wednesday . The company traded as high as C$0.50 and last traded at C$0.49. Approximately 545,147 shares changed hands during trading, a decline of 38% from the average daily volume of 881,404 shares. The stock had previously closed at C$0.48.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.16 price target on Skyharbour Resources and gave the stock a “buy” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Skyharbour Resources has a consensus rating of “Buy” and a consensus price target of C$1.16.

Skyharbour Resources Stock Down 6.1%

The stock’s fifty day simple moving average is C$0.51 and its two-hundred day simple moving average is C$0.43. The firm has a market cap of C$94.65 million, a PE ratio of 460.00 and a beta of 0.38.

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.