Skeena Resources (TSE:SKE) Hits New 52-Week High – What’s Next?

Skeena Resources Limited (TSE:SKE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$17.05 and last traded at C$16.75, with a volume of 324994 shares changing hands. The stock had previously closed at C$15.80.

Analyst Ratings Changes

A number of research analysts have commented on the company. Scotiabank upped their price target on Skeena Resources from C$13.50 to C$14.00 in a research note on Wednesday, January 15th. Raymond James raised their price objective on shares of Skeena Resources from C$18.50 to C$21.00 in a research note on Friday, April 4th.

Skeena Resources Stock Up 7.3 %

The business’s 50 day moving average is C$14.51 and its 200-day moving average is C$13.55. The company has a debt-to-equity ratio of 19.27, a current ratio of 1.87 and a quick ratio of 1.55. The company has a market cap of C$1.86 billion, a PE ratio of -10.24 and a beta of 1.65.

Insider Buying and Selling

In other news, Senior Officer Andrew Macritchie sold 59,992 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of C$15.67, for a total value of C$940,074.64. Also, Senior Officer Randy Reichert sold 17,956 shares of Skeena Resources stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of C$13.89, for a total value of C$249,430.39. Over the last quarter, insiders sold 158,948 shares of company stock worth $2,406,122. Corporate insiders own 1.51% of the company’s stock.

Skeena Resources Company Profile

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.