Skyharbour Resources (CVE:SYH) Hits New 1-Year High – Should You Buy?

Skyharbour Resources Ltd. (CVE:SYH)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$0.66 and last traded at C$0.59, with a volume of 1409245 shares changing hands. The stock had previously closed at C$0.62.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.12 price objective on shares of Skyharbour Resources and gave the stock a “buy” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$1.12.

Skyharbour Resources Stock Down 4.8%

The firm has a fifty day moving average of C$0.41 and a 200-day moving average of C$0.38. The firm has a market cap of C$121.40 million, a P/E ratio of 118.00 and a beta of 1.14.

Skyharbour Resources Company Profile

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. It also holds 100% interest in the South Falcon Point project; and the Moore Lake Uranium project comprising 12 claims totaling area of 35,705 located in Saskatchewan, Canada.