Skeena Resources (NYSE:SKE) Shares Gap Down - Should You Sell?

Skeena Resources Limited (NYSE:SKE - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $10.92, but opened at $10.45. Skeena Resources shares last traded at $10.39, with a volume of 60,731 shares changing hands.

Analysts Set New Price Targets

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

Skeena Resources Price Performance

The company has a market capitalization of $1.06 billion, a PE ratio of -7.22 and a beta of 1.29. The firm has a 50-day moving average of $9.78 and a 200 day moving average of $8.96.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SKE. Kohmann Bosshard Financial Services LLC bought a new position in Skeena Resources in the fourth quarter valued at about $31,000. FNY Investment Advisers LLC lifted 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 valued at $34,000 after acquiring an additional 3,830 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Skeena Resources in the third quarter valued at about $43,000. Tower Research Capital LLC TRC lifted its holdings in 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 valued at $51,000 after acquiring an additional 5,541 shares during the period. Finally, Aquatic Capital Management LLC bought a new position in Skeena Resources in the fourth quarter valued at about $89,000. Institutional investors own 45.15% of the company's stock.

Skeena Resources Company Profile

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.