Skeena Resources Limited (TSE:SKE - Get Free Report) traded down 3.4% on Monday . The company traded as low as C$14.63 and last traded at C$14.65. 219,583 shares were traded during mid-day trading, a decline of 20% from the average session volume of 276,075 shares. The stock had previously closed at C$15.16.
Analysts Set New Price Targets
A number of brokerages have recently commented on SKE. CIBC reduced their price target on shares of Skeena Resources from C$17.00 to C$16.00 in a research note on Monday, December 2nd. Royal Bank of Canada raised their target price on Skeena Resources from C$17.00 to C$18.00 in a report on Friday, December 6th. Finally, Scotiabank boosted their price target on Skeena Resources from C$13.50 to C$14.00 in a report on Wednesday, January 15th.
Check Out Our Latest Stock Analysis on SKE
Skeena Resources Stock Performance
The business has a 50 day moving average price of C$14.63 and a two-hundred day moving average price of C$13.30. The stock has a market cap of C$1.58 billion, a P/E ratio of -8.72 and a beta of 1.65. The company has a quick ratio of 1.55, a current ratio of 1.87 and a debt-to-equity ratio of 19.27.
Insiders Place Their Bets
In other Skeena Resources news, Director Walter Coles Jr. sold 33,000 shares of Skeena Resources stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of C$16.40, for a total transaction of C$541,200.00. Also, Director Craig Andrew Parry sold 23,000 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of C$14.00, for a total transaction of C$321,917.20. Insiders sold 192,488 shares of company stock worth $2,882,390 in the last three months. 1.51% of the stock is owned by company insiders.
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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