Skyharbour Resources (CVE:SYH) Trading Down 1.3% - Here's Why

Key Points

• Skyharbour Resources Ltd. stock fell 1.3% on Thursday, trading down to C$0.39, with a notable increase in trading volume to 482,096 shares.
• Fundamental Research has assigned a buy rating to Skyharbour and set a price objective of C$1.01, reflecting positive expectations from analysts.
• The company, focused on uranium mineral properties, holds significant interests in projects across Saskatchewan, Canada, including a 51% interest in the Preston Uranium project.

Skyharbour Resources Ltd. (CVE:SYH - Get Free Report)'s stock price fell 1.3% on Thursday . The stock traded as low as C$0.38 and last traded at C$0.39. 482,096 shares were traded during mid-day trading, an increase of 24% from the average session volume of 389,119 shares. The stock had previously closed at C$0.39.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.01 price objective on Skyharbour Resources and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Skyharbour Resources currently has a consensus rating of "Buy" and an average price target of C$1.01.

Skyharbour Resources Trading Down 1.3%

The stock has a 50 day moving average of C$0.32 and a 200-day moving average of C$0.33. The company has a market capitalization of C$78.72 million, a P/E ratio of -19.84 and a beta of 0.49.

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.

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