Skyharbour Resources (CVE:SYH) Stock Price Down 5.2% – Here’s What Happened

Skyharbour Resources Ltd. (CVE:SYH)’s stock price was down 5.2% during mid-day trading on Wednesday . The stock traded as low as C$0.45 and last traded at C$0.46. Approximately 479,081 shares changed hands during trading, a decline of 35% from the average daily volume of 737,344 shares. The stock had previously closed at C$0.48.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.16 price objective on Skyharbour Resources and gave the stock a “buy” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$1.16.

Skyharbour Resources Trading Down 5.2%

The company has a market cap of C$96.50 million, a PE ratio of 455.00 and a beta of 0.38. The business has a fifty day moving average of C$0.47 and a 200-day moving average of C$0.45.

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. 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.