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Skeena Resources (TSE:SKE) Stock Price Down 0.1% - Time to Sell?

Skeena Resources logo with Basic Materials background

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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