Skeena Resources (TSE:SKE) Reaches New 1-Year High - Here's Why

Skeena Resources Limited (TSE:SKE - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$17.05 and last traded at C$16.75, with a volume of 324994 shares trading hands. The stock had previously closed at C$15.80.

Analyst Upgrades and Downgrades

SKE has been the topic of several recent research reports. Raymond James raised their price target on Skeena Resources from C$18.50 to C$21.00 in a research report on Friday, April 4th. Scotiabank raised their target price on Skeena Resources from C$13.50 to C$14.00 in a report on Wednesday, January 15th.

Skeena Resources Stock Performance

The company has a debt-to-equity ratio of 19.27, a current ratio of 1.87 and a quick ratio of 1.55. The stock has a 50-day moving average price of C$14.59 and a 200 day moving average price of C$13.69. The company has a market cap of C$1.87 billion, a price-to-earnings ratio of -10.30 and a beta of 1.65.

Insiders Place Their Bets

In other news, Senior Officer Randy Reichert sold 17,956 shares of the company's stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of C$13.89, for a total transaction of C$249,430.39. Also, Director Craig Andrew Parry sold 23,000 shares of Skeena Resources stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of C$14.00, for a total value of C$321,917.20. In the last three months, insiders have sold 158,948 shares of company stock worth $2,406,122. Company insiders own 1.51% 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.