Skyharbour Resources (CVE:SYH) Trading 1.6% Higher - Here's Why

Skyharbour Resources Ltd. (CVE:SYH - Get Free Report) was up 1.6% during trading on Thursday . The stock traded as high as C$0.33 and last traded at C$0.33. Approximately 194,368 shares traded hands during trading, a decline of 47% from the average daily volume of 366,609 shares. The stock had previously closed at C$0.32.

Analysts Set New Price Targets

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.

Skyharbour Resources Stock Up 1.6%

The company has a fifty day simple moving average of C$0.33 and a 200-day simple moving average of C$0.33. The firm has a market cap of C$67.43 million, a P/E ratio of -16.75 and a beta of 1.84.

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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