Skyharbour Resources (CVE:SYH) Shares Up 1.4% – Time to Buy?

Shares of Skyharbour Resources Ltd. (CVE:SYH) were up 1.4% during mid-day trading on Friday. The company traded as high as C$0.36 and last traded at C$0.36. Approximately 271,963 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 591,759 shares. The stock had previously closed at C$0.35.

Wall Street Analyst Weigh In

Separately, Ventum set a C$0.75 target price on shares of Skyharbour Resources and gave the stock a “buy” rating in a research report on Friday, August 28th. Two research analysts have 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$0.95.

Skyharbour Resources Stock Up 1.4%

The company has a 50-day simple moving average of C$0.42 and a two-hundred day simple moving average of C$0.44. The firm has a market cap of C$79.67 million, a PE ratio of 370.00 and a beta of 1.52.

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.