Insider Selling: Skeena Resources (TSE:SKE) Insider Sells 19,200 Shares

Skeena Resources Limited (TSE:SKE) insider Andrew Macritchie sold 19,200 shares of the business’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$42.00, for a total value of C$806,400.00. Following the completion of the sale, the insider directly owned 814,103 shares of the company’s stock, valued at C$34,192,326. The trade was a 2.30% decrease in their ownership of the stock.

Andrew Macritchie also recently made the following trade(s):

• On Monday, July 6th, Andrew Macritchie sold 37,600 shares of Skeena Resources stock. The stock was sold at an average price of C$40.10, for a total value of C$1,507,760.00.

Skeena Resources Stock Performance

Shares of SKE traded down C$1.39 during mid-day trading on Wednesday, reaching C$36.86. 681,365 shares of the company’s stock were exchanged, compared to its average volume of 420,392. The business’s fifty day simple moving average is C$40.25 and its 200-day simple moving average is C$41.10. The stock has a market capitalization of C$4.57 billion, a PE ratio of -17.64 and a beta of 2.49. Skeena Resources Limited has a 52-week low of C$19.14 and a 52-week high of C$53.00. The company has a debt-to-equity ratio of 36.02, a current ratio of 0.49 and a quick ratio of 1.55.

Skeena Resources (TSE:SKE) last issued its quarterly earnings results on Friday, May 15th. The company reported C($0.86) earnings per share for the quarter. On average, equities research analysts expect that Skeena Resources Limited will post -0.4862973 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Canaccord Genuity Group boosted their price target on Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. BMO Capital Markets increased their price objective on Skeena Resources from C$45.00 to C$50.00 in a research report on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Skeena Resources currently has an average rating of “Buy” and a consensus price target of C$47.43.

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.