Skyharbour Resources (CVE:SYH) Shares Down 7% – Here’s Why

Shares of Skyharbour Resources Ltd. (CVE:SYH) traded down 7% during mid-day trading on Thursday . The company traded as low as C$0.40 and last traded at C$0.40. Approximately 194,814 shares changed hands during trading, a decline of 68% from the average daily volume of 611,821 shares. The stock had previously closed at C$0.43.

Skyharbour Resources Trading Up 8.7%

The stock has a market cap of C$88.94 million, a price-to-earnings ratio of 370.00 and a beta of 0.29. The company has a 50 day simple moving average of C$0.41 and a 200-day simple moving average of C$0.45.

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.