Knoll Capital Management LLC Has $2.67 Million Holdings in Skeena Resources Limited (NYSE:SKE)

Knoll Capital Management LLC grew its stake in shares of Skeena Resources Limited (NYSE:SKE - Free Report) by 713.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,400 shares of the company's stock after acquiring an additional 276,614 shares during the period. Skeena Resources comprises approximately 1.3% of Knoll Capital Management LLC's holdings, making the stock its 16th biggest position. Knoll Capital Management LLC owned 0.29% of Skeena Resources worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of SKE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Skeena Resources in the 3rd quarter worth approximately $547,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Skeena Resources during the third quarter worth approximately $43,000. Quantbot Technologies LP bought a new position in shares of Skeena Resources in the third quarter worth $310,000. Dynamic Technology Lab Private Ltd acquired a new position in Skeena Resources during the 3rd quarter valued at about $93,000. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Skeena Resources during the third quarter valued at approximately $357,000. Institutional investors own 45.15% of the company's stock.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded Skeena Resources to a "moderate buy" rating in a research report on Thursday, October 31st.

Skeena Resources Stock Up 0.1 %

Skeena Resources stock traded up $0.01 during midday trading on Friday, hitting $9.27. The company's stock had a trading volume of 112,222 shares, compared to its average volume of 313,452. The stock's 50-day moving average price is $9.01 and its 200-day moving average price is $7.19. Skeena Resources Limited has a 12 month low of $3.29 and a 12 month high of $10.33. The company has a market capitalization of $995.23 million, a PE ratio of -6.77 and a beta of 1.33.

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.