Shares of Skeena Resources Limited (NYSE:SKE - Get Free Report) were up 5.3% during trading on Tuesday . The company traded as high as $9.95 and last traded at $9.87. Approximately 60,912 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 179,287 shares. The stock had previously closed at $9.37.
Wall Street Analysts Forecast Growth
Separately, Desjardins upgraded Skeena Resources to a "moderate buy" rating in a research report on Thursday, October 31st.
View Our Latest Stock Analysis on Skeena Resources
Skeena Resources Stock Up 1.9 %
The company has a market capitalization of $1.03 billion, a P/E ratio of -6.97 and a beta of 1.27. The business has a 50 day simple moving average of $9.08 and a 200-day simple moving average of $8.04.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of SKE. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Skeena Resources during the 3rd quarter valued at $43,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Skeena Resources in the 3rd quarter valued at $93,000. Pinnacle Wealth Management Group Inc. acquired a new stake in Skeena Resources during the 3rd quarter worth about $110,000. Virtu Financial LLC purchased a new stake in Skeena Resources during the third quarter valued at about $113,000. Finally, Barclays PLC increased its position in shares of Skeena Resources by 130.6% in the third quarter. Barclays PLC now owns 29,696 shares of the company's stock worth $251,000 after acquiring an additional 16,819 shares in the last quarter. Institutional investors own 45.15% of the company's stock.
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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