Skeena Resources Limited (TSE:SKE - Get Free Report)'s share price was up 7.6% on Tuesday . The company traded as high as C$14.06 and last traded at C$14.03. Approximately 144,350 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 202,008 shares. The stock had previously closed at C$13.04.
Analyst Ratings Changes
A number of research analysts recently issued reports on SKE shares. Royal Bank of Canada raised their target price on shares of Skeena Resources from C$17.00 to C$18.00 in a research note on Friday, December 6th. Desjardins raised Skeena Resources to a "moderate buy" rating in a research report on Thursday, October 31st. Finally, CIBC cut their price objective on Skeena Resources from C$17.00 to C$16.00 in a research report on Monday, December 2nd.
Check Out Our Latest Report on Skeena Resources
Skeena Resources Trading Up 6.7 %
The company has a market cap of C$1.48 billion, a price-to-earnings ratio of -9.10 and a beta of 1.65. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55. The business has a 50 day simple moving average of C$12.86 and a 200 day simple moving average of C$11.28.
Insiders Place Their Bets
In other news, Director Craig Andrew Parry sold 70,000 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of C$10.58, for a total transaction of C$740,509.00. Insiders own 1.51% of the company's stock.
Skeena Resources Company Profile
(
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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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