Skyharbour Resources (CVE:SYH) Trading Up 16.7% – Here’s Why

Skyharbour Resources Ltd. (CVE:SYH) shares shot up 16.7% during trading on Tuesday . The stock traded as high as C$0.46 and last traded at C$0.46. 597,264 shares were traded during mid-day trading, a decline of 26% from the average session volume of 805,185 shares. The stock had previously closed at C$0.39.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.16 price objective on Skyharbour Resources and gave the company a “buy” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Skyharbour Resources presently has a consensus rating of “Buy” and an average price target of C$1.16.

Skyharbour Resources Stock Down 5.2%

The company’s 50-day moving average price is C$0.50 and its 200-day moving average price is C$0.43. The firm has a market cap of C$94.65 million, a price-to-earnings ratio of 460.00 and a beta of 0.38.

Skyharbour Resources Company Profile

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.