Skeena Resources Limited (TSE:SKE - Get Free Report) shares were down 0.1% on Wednesday . The company traded as low as C$22.16 and last traded at C$22.55. Approximately 270,543 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 268,252 shares. The stock had previously closed at C$22.57.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on SKE shares. Royal Bank Of Canada increased their price target on Skeena Resources from C$23.00 to C$26.00 and gave the company an "outperform" rating in a report on Monday, June 23rd. Raymond James Financial increased their price target on Skeena Resources from C$18.50 to C$21.00 in a report on Friday, April 4th.
Check Out Our Latest Stock Report on SKE
Skeena Resources Price Performance
The company has a market capitalization of C$2.47 billion, a price-to-earnings ratio of -13.62 and a beta of 1.65. The company has a 50-day moving average price of C$19.39 and a 200-day moving average price of C$16.32. The company has a debt-to-equity ratio of 19.27, a quick ratio of 1.55 and a current ratio of 1.87.
Insiders Place Their Bets
In other news, Senior Officer Paul Geddes sold 5,200 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of C$15.62, for a total transaction of C$81,248.44. Also, Senior Officer Andrew Macritchie sold 36,191 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of C$17.55, for a total value of C$635,206.34. Insiders have sold 105,177 shares of company stock valued at $1,779,152 in the last quarter. Company insiders own 1.51% of the company's stock.
About Skeena Resources
(
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.
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