Skyharbour Resources (CVE:SYH) Trading Down 1.4% – Here’s Why

Skyharbour Resources Ltd. (CVE:SYH) fell 1.4% during mid-day trading on Monday . The company traded as low as C$0.34 and last traded at C$0.34. 248,938 shares traded hands during trading, a decline of 24% from the average session volume of 328,138 shares. The stock had previously closed at C$0.35.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.21 target price on Skyharbour Resources and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

Skyharbour Resources Stock Performance

The firm has a market cap of C$62.06 million, a price-to-earnings ratio of -17.00 and a beta of 1.84. The business’s 50 day moving average price is C$0.39 and its 200 day moving average price is C$0.39.

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.