Skyharbour Resources (CVE:SYH) Shares Up 43.1% – Here’s Why

by · The Cerbat Gem

Skyharbour Resources Ltd. (CVE:SYH – Get Free Report) shot up 43.1% on Friday . The stock traded as high as C$0.47 and last traded at C$0.47. 7,214,700 shares changed hands during mid-day trading, an increase of 1,130% from the average session volume of 586,360 shares. The stock had previously closed at C$0.33.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.12 price target on Skyharbour Resources and gave the company a “buy” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Skyharbour Resources currently has a consensus rating of “Buy” and an average target price of C$1.12.

Check Out Our Latest Stock Analysis on SYH

Skyharbour Resources Price Performance

The business’s 50-day moving average price is C$0.35 and its 200-day moving average price is C$0.35. The firm has a market capitalization of C$95.07 million, a PE ratio of 93.00 and a beta of 1.26.

About Skyharbour Resources

(Get Free Report)

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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