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Skeena Resources (NYSE:SKE) Shares Gap Up - Time to Buy?

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Skeena Resources Limited (NYSE:SKE - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $9.96, but opened at $10.19. Skeena Resources shares last traded at $10.19, with a volume of 74,083 shares.

Skeena Resources Stock Down 0.9 %

The company has a market cap of $1.13 billion, a price-to-earnings ratio of -7.29 and a beta of 1.29. The business has a fifty day simple moving average of $10.22 and a 200 day simple moving average of $9.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Skeena Resources during the 4th quarter worth approximately $31,000. FNY Investment Advisers LLC raised its holdings in Skeena Resources by 2,252.9% during the fourth quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company's stock worth $34,000 after purchasing an additional 3,830 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Skeena Resources during the third quarter worth $43,000. Tower Research Capital LLC TRC grew 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 purchasing an additional 5,541 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Skeena Resources in the fourth quarter valued at $89,000. 45.15% of the stock is currently owned by institutional investors and hedge funds.

About Skeena Resources

(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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