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Skeena Resources (TSE:SKE) Sets New 52-Week High - Here's What Happened

Skeena Resources logo with Basic Materials background

Shares of Skeena Resources Limited (TSE:SKE - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as C$22.54 and last traded at C$22.05, with a volume of 122815 shares changing hands. The stock had previously closed at C$21.51.

Analyst Ratings Changes

Several equities analysts recently issued reports on SKE shares. Royal Bank Of Canada raised their price target on Skeena Resources from C$23.00 to C$26.00 and gave the stock an "outperform" rating in a research report on Monday, June 23rd. Raymond James Financial boosted their price objective on shares of Skeena Resources from C$18.50 to C$21.00 in a research report on Friday, April 4th.

Get Our Latest Research Report on SKE

Skeena Resources Price Performance

The stock has a market cap of C$2.42 billion, a PE ratio of -13.35 and a beta of 1.65. The business has a fifty day simple moving average of C$18.95 and a two-hundred day simple moving average of C$16.07. 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

In other news, Director Craig Andrew Parry sold 16,500 shares of Skeena Resources stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of C$18.29, for a total value of C$301,847.70. Also, Senior Officer Randy Reichert sold 19,094 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of C$15.62, for a total transaction of C$298,338.02. In the last quarter, insiders have sold 105,177 shares of company stock worth $1,779,152. 1.51% of the stock is currently owned by corporate insiders.

Skeena Resources Company Profile

(Get Free Report)

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.

Further Reading

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