Skyharbour Resources (CVE:SYH) Trading Down 1.3% – Here’s Why

Skyharbour Resources Ltd. (CVE:SYH)’s stock price fell 1.3% on Thursday . The stock traded as low as C$0.38 and last traded at C$0.39. 482,096 shares were traded during mid-day trading, an increase of 24% from the average session volume of 389,119 shares. The stock had previously closed at C$0.39.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.01 price objective on Skyharbour Resources and gave the company a “buy” rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Skyharbour Resources currently has a consensus rating of “Buy” and an average price target of C$1.01.

Skyharbour Resources Trading Down 1.3%

The stock has a 50 day moving average of C$0.32 and a 200-day moving average of C$0.33. The company has a market capitalization of C$78.72 million, a P/E ratio of -19.84 and a beta of 0.49.

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.