Skyharbour Resources (CVE:SYH) Trading 11.9% Higher – Time to Buy?

Skyharbour Resources Ltd. (CVE:SYH)’s stock price shot up 11.9% during trading on Friday . The stock traded as high as C$0.34 and last traded at C$0.33. 567,290 shares traded hands during mid-day trading, an increase of 68% from the average session volume of 337,934 shares. The stock had previously closed at C$0.30.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.02 price target on shares of Skyharbour Resources and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Skyharbour Resources Trading Up 13.6%

The firm has a 50-day moving average of C$0.33 and a two-hundred day moving average of C$0.35. The firm has a market capitalization of C$69.50 million, a P/E ratio of -17.27 and a beta of 1.84.

About Skyharbour Resources

Skyharbour Resources Ltd. engages in acquisition, exploration, and evaluation of uranium mineral properties. The company holds 51% interest in the Preston Uranium project covering an area of 49,635 hectares; 80% interest in the Hook Lake project consisting of 16 contiguous mineral claims covering an area of 25,847 hectares; and 100% earn-in option to acquire interest in the Yurchison project comprising 13 claims totaling area of 57,407 hectares located in Saskatchewan, Canada.