Skeena Resources (NYSE:SKE) Sees Large Volume Increase

Shares of Skeena Resources Limited (NYSE:SKE) saw an uptick in trading volume on Monday . 614,050 shares traded hands during mid-day trading, an increase of 142% from the previous session’s volume of 253,961 shares.The stock last traded at $6.68 and had previously closed at $6.83.

Skeena Resources Stock Down 0.9 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.11 and a current ratio of 3.11. The stock has a 50 day moving average price of $5.00 and a 200 day moving average price of $4.59. The company has a market cap of $719.18 million, a P/E ratio of -6.70 and a beta of 1.32.

Skeena Resources (NYSE:SKE) last announced its earnings results on Friday, May 10th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.19). Research analysts expect that Skeena Resources Limited will post -0.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Skeena Resources

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Knoll Capital Management LLC purchased a new position in shares of Skeena Resources during the first quarter valued at $179,000. Nokomis Capital L.L.C. purchased a new position in shares of Skeena Resources during the first quarter valued at $155,000. HTLF Bank purchased a new position in shares of Skeena Resources during the first quarter valued at $125,000. Goehring & Rozencwajg Associates LLC grew its holdings in shares of Skeena Resources by 3.4% during the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 340,080 shares of the company’s stock valued at $1,656,000 after buying an additional 11,085 shares in the last quarter. Finally, Ruffer LLP grew its holdings in shares of Skeena Resources by 31.1% during the fourth quarter. Ruffer LLP now owns 2,337,970 shares of the company’s stock valued at $11,463,000 after buying an additional 555,000 shares in the last quarter. 45.15% of the stock is owned by institutional investors and hedge funds.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.