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

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

Wall Street Analysts Forecast Growth

SKE has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price target on shares of Skeena Resources from C$23.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Monday, June 23rd. Raymond James Financial increased their price target on shares of Skeena Resources from C$18.50 to C$21.00 in a research note on Friday, April 4th.

Skeena Resources Price Performance

The company has a market cap of C$2.46 billion, a price-to-earnings ratio of -13.58 and a beta of 1.65. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27. The company's 50 day moving average price is C$19.20 and its 200 day moving average price is C$16.24.

Insider Activity

In related news, Director Craig Andrew Parry sold 16,500 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of C$18.29, for a total value of C$301,847.70. Also, Director Walter Coles Jr. sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of C$16.36, for a total transaction of C$408,985.00. Insiders sold a total of 105,177 shares of company stock worth $1,779,152 in the last three months. Company insiders own 1.51% of the company's stock.

Skeena Resources Company Profile

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.