Skyharbour Resources (CVE:SYH) Trading Down 5.2% – Should You Sell?

Skyharbour Resources Ltd. (CVE:SYH)’s stock price dropped 5.2% during mid-day trading on Wednesday . The company traded as low as C$0.45 and last traded at C$0.46. Approximately 479,081 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 737,344 shares. The stock had previously closed at C$0.48.

Analyst Ratings Changes

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

Skyharbour Resources Stock Performance

The stock has a market cap of C$100.75 million, a price-to-earnings ratio of 475.00 and a beta of 0.38. The stock’s 50-day simple moving average is C$0.47 and its two-hundred day simple moving average is 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.