Skeena Resources Limited (NYSE:SKE - Get Free Report) shares were down 3.2% during mid-day trading on Wednesday . The company traded as low as $10.78 and last traded at $10.82. Approximately 87,998 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 338,616 shares. The stock had previously closed at $11.17.
Skeena Resources Stock Down 2.3 %
The stock has a 50 day moving average of $10.14 and a 200 day moving average of $9.40. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -7.70 and a beta of 1.29.
Institutional Trading of Skeena Resources
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Helikon Investments Ltd raised its stake in shares of Skeena Resources by 316.1% in the fourth quarter. Helikon Investments Ltd now owns 8,930,424 shares of the company's stock worth $77,873,000 after purchasing an additional 6,784,027 shares during the last quarter. Amundi boosted its position in Skeena Resources by 9.8% during the fourth quarter. Amundi now owns 1,219,300 shares of the company's stock worth $11,632,000 after purchasing an additional 109,300 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Skeena Resources by 5.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,156,738 shares of the company's stock valued at $10,046,000 after buying an additional 60,838 shares in the last quarter. Sprott Inc. lifted its holdings in Skeena Resources by 5.1% during the 4th quarter. Sprott Inc. now owns 1,109,950 shares of the company's stock worth $9,674,000 after purchasing an additional 54,242 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Skeena Resources by 4,414.9% in the fourth quarter. Invesco Ltd. now owns 783,964 shares of the company's stock valued at $6,836,000 after acquiring an additional 766,600 shares during the period. 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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