Skeena Resources (TSE:SKE) Trading 0.7% Higher – Here’s What Happened

Skeena Resources Limited (TSE:SKE) shares were up 0.7% on Tuesday . The stock traded as high as C$24.65 and last traded at C$24.49. Approximately 254,745 shares changed hands during trading, a decline of 25% from the average daily volume of 340,071 shares. The stock had previously closed at C$24.31.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SKE shares. CIBC increased their price objective on Skeena Resources from C$26.00 to C$36.00 in a research report on Thursday, September 25th. Raymond James Financial raised their target price on shares of Skeena Resources from C$21.00 to C$26.00 in a report on Thursday, August 21st. TD Securities boosted their price target on shares of Skeena Resources from C$28.00 to C$35.00 and gave the company a “buy” rating in a report on Friday, October 10th. Finally, Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Skeena Resources presently has a consensus rating of “Buy” and an average price target of C$27.40.

Skeena Resources Stock Performance

The firm’s 50 day moving average price is C$24.53 and its 200-day moving average price is C$21.53. The firm has a market cap of C$2.97 billion, a price-to-earnings ratio of -16.33 and a beta of 1.98. The company has a debt-to-equity ratio of 19.27, a current ratio of 1.87 and a quick ratio of 1.55.

Insiders Place Their Bets

In other news, Director Craig Andrew Parry sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of C$20.48, for a total value of C$307,203.00. Following the transaction, the director directly owned 225,926 shares of the company’s stock, valued at C$4,627,009.67. The trade was a 6.23% decrease in their position. 1.51% of the stock is owned by company insiders.

About Skeena Resources

Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.