Skyharbour Resources (CVE:SYH) Trading 9.5% Higher - What's Next?

Key Points

• The stock jumped 9.5% on Wednesday to C$0.52 (intraday high C$0.53) on volume of 1,076,570 shares, about a 42% increase versus its average session volume.
• Analysts are positive—Fundamental Research issued a Buy rating with a C$1.16 price target, and the consensus rating on MarketBeat is currently Buy with an average target of C$1.16.
• Skyharbour is a uranium exploration company with multiple Saskatchewan projects; it has a market cap of C$110.29 million, a P/E of 520.00, and a beta of 0.38.

Skyharbour Resources Ltd. (CVE:SYH - Get Free Report)'s share price traded up 9.5% during trading on Wednesday . The stock traded as high as C$0.53 and last traded at C$0.52. 1,076,570 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 759,960 shares. The stock had previously closed at C$0.48.

Wall Street Analysts Forecast Growth

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

Skyharbour Resources Trading Up 9.5%

The company has a fifty day simple moving average of C$0.48 and a 200-day simple moving average of C$0.44. The stock has a market cap of C$110.29 million, a price-to-earnings ratio of 520.00 and a beta of 0.38.

About Skyharbour Resources

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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