Skyharbour Resources (CVE:SYH) Sets New 1-Year Low - Here's Why

Key Points

• Skyharbour Resources Ltd. has reached a new 52-week low of C$0.28, with recent trading volume at 458,932 shares.
• Fundamental Research has set a price objective of C$1.01 for the stock and issued a "buy" rating.
• The company holds significant interests in multiple uranium projects in Saskatchewan, including 51% in the Preston Uranium project and 80% in the Hook Lake project.

Shares of Skyharbour Resources Ltd. (CVE:SYH - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as C$0.28 and last traded at C$0.28, with a volume of 458932 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.01 price objective on shares of Skyharbour Resources and gave the company a "buy" rating in a research note on Wednesday, July 2nd.

Skyharbour Resources Trading Down 1.8%

The firm has a market capitalization of C$58.09 million, a P/E ratio of -14.43 and a beta of 1.84. The company's fifty day simple moving average is C$0.32 and its 200 day simple moving average is C$0.33.

About Skyharbour Resources

Skyharbour Resources Ltd. engages in acquisition, exploration, and evaluation of uranium mineral properties. The company holds 51% interest in the Preston Uranium project covering an area of 49,635 hectares; 80% interest in the Hook Lake project consisting of 16 contiguous mineral claims covering an area of 25,847 hectares; and 100% earn-in option to acquire interest in the Yurchison project comprising 13 claims totaling area of 57,407 hectares located in Saskatchewan, Canada.