Skeena Resources Limited (NYSE:SKE - Get Free Report)'s share price shot up 3% during mid-day trading on Thursday . The company traded as high as $8.53 and last traded at $8.50. 67,231 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 311,071 shares. The stock had previously closed at $8.25.
Skeena Resources Price Performance
The firm has a market capitalization of $930.08 million, a PE ratio of -8.36 and a beta of 1.37. The company's fifty day simple moving average is $7.81 and its 200 day simple moving average is $6.04.
Skeena Resources (NYSE:SKE - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.22). On average, analysts anticipate that Skeena Resources Limited will post -0.66 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Skeena Resources
Large investors have recently made changes to their positions in the stock. Goehring & Rozencwajg Associates LLC raised its stake in shares of Skeena Resources by 22.8% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company's stock valued at $7,888,000 after purchasing an additional 273,300 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Skeena Resources during the second quarter valued at about $2,682,000. TD Asset Management Inc purchased a new stake in shares of Skeena Resources in the second quarter worth about $405,000. Marshall Wace LLP boosted its position in shares of Skeena Resources by 318.8% in the second quarter. Marshall Wace LLP now owns 172,952 shares of the company's stock valued at $929,000 after acquiring an additional 131,657 shares during the period. Finally, Bank of Montreal Can grew its stake in Skeena Resources by 16.6% during the second quarter. Bank of Montreal Can now owns 313,185 shares of the company's stock valued at $1,681,000 after acquiring an additional 44,519 shares in the last quarter. 45.15% of the stock is owned by institutional investors.
Skeena Resources Company Profile
(
Get Free Report)
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.
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