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Skeena Resources (NYSE:SKE) Sets New 52-Week High - Here's What Happened

Skeena Resources logo with Energy background

Skeena Resources Limited (NYSE:SKE - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $12.80 and last traded at $12.58, with a volume of 1272 shares traded. The stock had previously closed at $12.31.

Wall Street Analyst Weigh In

Separately, Raymond James reaffirmed a "strong-buy" rating on shares of Skeena Resources in a research note on Friday, April 4th.

Check Out Our Latest Report on SKE

Skeena Resources Trading Down 2.8 %

The company has a market cap of $1.38 billion, a P/E ratio of -8.83 and a beta of 1.22. The company's fifty day moving average is $10.36 and its 200 day moving average is $9.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SKE. Kohmann Bosshard Financial Services LLC purchased a new stake in Skeena Resources during the 4th quarter valued at about $31,000. FNY Investment Advisers LLC lifted its position 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 valued at $34,000 after purchasing an additional 3,830 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Skeena Resources by 2,067.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company's stock valued at $51,000 after purchasing an additional 5,541 shares during the period. Aquatic Capital Management LLC bought a new position in shares of Skeena Resources in the fourth quarter worth approximately $89,000. Finally, Howland Capital Management LLC purchased a new position in shares of Skeena Resources in the fourth quarter worth $96,000. 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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