Skeena Resources (NYSE:SKE) Shares Down 3.2% – What’s Next?

Skeena Resources Limited (NYSE:SKE)’s share price was down 3.2% during trading on Wednesday . The stock traded as low as $10.78 and last traded at $10.82. Approximately 87,998 shares were traded during trading, a decline of 74% from the average daily volume of 338,616 shares. The stock had previously closed at $11.17.

Skeena Resources Trading Down 2.8 %

The stock’s fifty day moving average price is $10.12 and its 200 day moving average price is $9.35. The stock has a market cap of $1.22 billion, a P/E ratio of -7.87 and a beta of 1.29.

Institutional Investors Weigh In On Skeena Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Skeena Resources in the 4th quarter worth approximately $31,000. FNY Investment Advisers LLC boosted its holdings in Skeena Resources by 2,252.9% in the fourth quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company’s stock worth $34,000 after acquiring an additional 3,830 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Skeena Resources in the third quarter worth $43,000. Tower Research Capital LLC TRC grew its stake in shares of Skeena Resources by 2,067.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company’s stock worth $51,000 after acquiring an additional 5,541 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Skeena Resources in the 4th quarter worth about $89,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.