Skyharbour Resources (CVE:SYH) Trading Up 1.7% - What's Next?

Key Points

• Skyharbour Resources Ltd. shares rose by 1.7%, closing at C$0.30, but trading volume decreased by 33% compared to the average session.
• Fundamental Research set a target price of C$1.01 for the company, along with a "buy" rating, indicating positive expectations for future growth.
• The company holds significant interests in several uranium projects in Saskatchewan, including a 51% stake in the Preston Uranium project and an 80% stake in the Hook Lake project.

Shares of Skyharbour Resources Ltd. (CVE:SYH - Get Free Report) shot up 1.7% on Thursday . The company traded as high as C$0.30 and last traded at C$0.30. 257,344 shares traded hands during trading, a decline of 33% from the average session volume of 384,110 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

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

Skyharbour Resources Trading Down 4.9%

The company has a market capitalization of C$60.16 million, a price-to-earnings ratio of -14.95 and a beta of 1.84. The firm's 50 day simple moving average is C$0.32 and its 200-day simple moving average is C$0.33.

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.