Skyharbour Resources (CVE:SYH) Trading Up 6.5% – Still a Buy?

Skyharbour Resources Ltd. (CVE:SYH)’s share price rose 6.5% during mid-day trading on Wednesday . The stock traded as high as C$0.41 and last traded at C$0.41. 503,233 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 675,739 shares. The stock had previously closed at C$0.39.

Skyharbour Resources Stock Performance

The business’s 50 day moving average price is C$0.44 and its 200-day moving average price is C$0.47. The company has a market cap of C$86.96 million, a price-to-earnings ratio of 410.00 and a beta of 0.30.

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.