Skyharbour Resources (CVE:SYH) Trading 1.6% Higher - Should You Buy?

Skyharbour Resources Ltd. (CVE:SYH - Get Free Report)'s stock price 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 75,036 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 371,524 shares. The stock had previously closed at C$0.32.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.01 price target on Skyharbour Resources and gave the stock a "buy" rating in a research report on Wednesday.

Skyharbour Resources Price Performance

The firm has a fifty day moving average of C$0.33 and a 200 day moving average of C$0.34. The stock has a market capitalization of C$67.43 million, a price-to-earnings 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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