Skyharbour Resources (CVE:SYH) Trading Up 8.2% – Should You Buy?

Skyharbour Resources Ltd. (CVE:SYH) was up 8.2% during trading on Wednesday . The company traded as high as C$0.53 and last traded at C$0.53. Approximately 201,377 shares were traded during trading, a decline of 74% from the average daily volume of 769,093 shares. The stock had previously closed at C$0.49.

Analyst Ratings Changes

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

Skyharbour Resources Price Performance

The business’s fifty day moving average is C$0.48 and its 200-day moving average is C$0.43. The stock has a market capitalization of C$106.32 million, a PE ratio of 520.00 and a beta of 0.43.

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.