Skyharbour Resources (CVE:SYH) Stock Price Up 1.6% - Here's Why

Shares of Skyharbour Resources Ltd. (CVE:SYH - Get Free Report) shot up 1.6% during mid-day trading on Thursday . The stock traded as high as C$0.33 and last traded at C$0.33. 75,036 shares were traded during trading, a decline of 80% from the average session volume of 371,524 shares. The stock had previously closed at C$0.32.

Wall Street Analyst Weigh In

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

Skyharbour Resources Stock Performance

The business's 50 day moving average price is C$0.33 and its 200-day moving average price is C$0.34. The company has a market cap 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.