Skyharbour Resources (CVE:SYH) Shares Up 8.2% - Here's What Happened

Key Points

• Shares of Skyharbour Resources were up 8.2%, trading at C$0.53 on Wednesday with 201,377 shares changing hands, about 74% below the average session volume of 769,093.
• Analyst activity: Fundamental Research set a C$1.16 target and a Buy rating, and the consensus rating on the stock is Buy with an average target of C$1.16.
• Company profile and fundamentals: Skyharbour is a uranium exploration company with multiple Saskatchewan projects, a market cap of C$104.27 million, a trailing P/E of 510, and 50-/200-day moving averages of C$0.48 and C$0.43 respectively.

Skyharbour Resources Ltd. (CVE:SYH - Get Free Report)'s share price traded up 8.2% during trading on Wednesday . The company traded as high as C$0.53 and last traded at C$0.53. 201,377 shares changed hands during trading, a decline of 74% from the average session volume of 769,093 shares. The stock had previously closed at C$0.49.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.16 target price on shares of Skyharbour Resources and gave the company a "buy" rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$1.16.

Skyharbour Resources Trading Up 4.1%

The company has a market cap of C$104.27 million, a price-to-earnings ratio of 510.00 and a beta of 0.43. The stock's 50 day moving average price is C$0.48 and its 200 day moving average price is C$0.43.

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. It also holds 100% interest in the South Falcon Point project; and the Moore Lake Uranium project comprising 12 claims totaling area of 35,705 located in Saskatchewan, Canada.

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