Skyharbour Resources (CVE:SYH) Trading 2.1% Higher – Here’s What Happened

Skyharbour Resources Ltd. (CVE:SYH) was up 2.1% during trading on Wednesday . The company traded as high as C$0.50 and last traded at C$0.49. Approximately 545,147 shares traded hands during trading, a decline of 38% from the average daily volume of 881,404 shares. The stock had previously closed at C$0.48.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.16 price target on Skyharbour Resources and gave the company a “buy” rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Skyharbour Resources presently has an average rating of “Buy” and an average target price of C$1.16.

Skyharbour Resources Price Performance

The firm has a market cap of C$100.82 million, a price-to-earnings ratio of 98.00 and a beta of 0.38. The stock’s fifty day moving average price is C$0.50 and its 200-day moving average price is C$0.43.

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.