Skyharbour Resources (CVE:SYH) Shares Down 2.1% - Should You Sell?

Key Points

• Skyharbour Resources Ltd. (CVE:SYH) experienced a stock price decline of 2.1%, trading from C$0.49 to C$0.48 with an increased trading volume of 636,603 shares.
• Analysts from Fundamental Research set a C$1.01 price target on Skyharbour Resources, maintaining a "buy" rating and signaling optimism for the stock's future performance.
• The company, with a market capitalization of C$97.12 million, is actively involved in the acquisition and exploration of uranium properties in Saskatchewan, Canada.

Skyharbour Resources Ltd. (CVE:SYH - Get Free Report)'s stock price fell 2.1% during mid-day trading on Friday . The stock traded as low as C$0.47 and last traded at C$0.48. 636,603 shares traded hands during trading, an increase of 54% from the average session volume of 413,094 shares. The stock had previously closed at C$0.49.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.01 price objective on Skyharbour Resources and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of C$1.01.

Skyharbour Resources Stock Down 2.1%

The firm has a market capitalization of C$97.12 million, a price-to-earnings ratio of -19.84 and a beta of 0.90. The business has a 50-day moving average of C$0.35 and a two-hundred day moving average of C$0.34.

Skyharbour Resources Company Profile

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.

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