Skeena Resources (TSE:SKE) Reaches New 1-Year High - Still a Buy?

Skeena Resources Limited (TSE:SKE - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$18.64 and last traded at C$18.50, with a volume of 45984 shares changing hands. The stock had previously closed at C$17.58.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Raymond James boosted their price objective on shares of Skeena Resources from C$18.50 to C$21.00 in a research note on Friday, April 4th. Royal Bank of Canada upped their price target on shares of Skeena Resources from C$20.00 to C$23.00 in a research note on Wednesday.

Skeena Resources Stock Performance

The firm has a market capitalization of C$2.23 billion, a price-to-earnings ratio of -12.29 and a beta of 1.65. The stock's 50 day moving average price is C$16.14 and its two-hundred day moving average price is C$14.70. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27.

Insider Activity at Skeena Resources

In other Skeena Resources news, Senior Officer Kyle Christopher Foster sold 1,475 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of C$17.38, for a total value of C$25,635.50. Following the transaction, the insider now directly owns 673 shares in the company, valued at approximately C$11,696.74. This represents a 68.67% decrease in their position. Also, Director Craig Andrew Parry sold 16,500 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of C$18.29, for a total transaction of C$301,847.70. In the last three months, insiders have sold 105,177 shares of company stock valued at $1,779,152. Insiders own 1.51% of the company's stock.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.