Skyharbour Resources (CVE:SYH) Stock Jumps 1.4% – Still a Buy?

Shares of Skyharbour Resources Ltd. (CVE:SYH) were up 1.4% during mid-day trading on Friday. The company traded as high as C$0.36 and last traded at C$0.36. 271,963 shares changed hands during trading, a decline of 54% from the average session volume of 591,759 shares. The stock had previously closed at C$0.35.

Wall Street Analyst Weigh In

Separately, Ventum set a C$0.75 price objective on Skyharbour Resources and gave the stock a “buy” rating in a report on Friday, August 28th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Skyharbour Resources currently has an average rating of “Buy” and a consensus target price of C$0.95.

Skyharbour Resources Stock Performance

The firm has a 50 day simple moving average of C$0.42 and a two-hundred day simple moving average of C$0.44. The firm has a market capitalization of C$79.67 million, a P/E ratio of 370.00 and a beta of 1.52.

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.