Skyharbour Resources (CVE:SYH) Sets New 1-Year High – Time to Buy?

Skyharbour Resources Ltd. (CVE:SYH) reached a new 52-week high on Thursday . The stock traded as high as C$0.66 and last traded at C$0.59, with a volume of 1409245 shares. The stock had previously closed at C$0.62.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.12 price objective on Skyharbour Resources and gave the company a “buy” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Skyharbour Resources currently has a consensus rating of “Buy” and a consensus target price of C$1.12.

Skyharbour Resources Stock Down 4.8%

The company’s fifty day simple moving average is C$0.41 and its two-hundred day simple moving average is C$0.38. The company has a market capitalization of C$121.40 million, a price-to-earnings ratio of 118.00 and a beta of 1.14.

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.