Insider Selling: Skeena Resources (TSE:SKE) Director Sells 42,294 Shares of Stock

Skeena Resources Limited (TSE:SKE) Director Sukhjit Hayre sold 42,294 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of C$42.42, for a total value of C$1,794,111.48. Following the sale, the director owned 248,068 shares in the company, valued at approximately C$10,523,044.56. This represents a 14.57% decrease in their ownership of the stock.

Skeena Resources Price Performance

Shares of SKE stock traded down C$1.49 during trading hours on Wednesday, reaching C$35.52. The stock had a trading volume of 278,298 shares, compared to its average volume of 419,014. The stock’s fifty day simple moving average is C$41.64 and its 200 day simple moving average is C$40.64. The company has a current ratio of 0.49, a quick ratio of 1.55 and a debt-to-equity ratio of 36.02. Skeena Resources Limited has a 12 month low of C$19.14 and a 12 month high of C$53.00. The firm has a market capitalization of C$4.41 billion, a PE ratio of -17.00 and a beta of 2.36.

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

Analyst Ratings Changes

A number of research analysts have recently commented on SKE shares. Canaccord Genuity Group boosted their price target on shares of 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, Based on data from MarketBeat.com, the stock presently 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.