Skyharbour Resources (CVE:SYH) Reaches New 52-Week Low – Time to Sell?

Shares of Skyharbour Resources Ltd. (CVE:SYH) hit a new 52-week low during trading on Thursday . The company traded as low as C$0.31 and last traded at C$0.32, with a volume of 284069 shares traded. The stock had previously closed at C$0.32.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.21 price objective on shares of Skyharbour Resources and gave the stock a “buy” rating in a research report on Tuesday, December 10th.

Skyharbour Resources Price Performance

The company’s fifty day simple moving average is C$0.42 and its 200 day simple moving average is C$0.40. The stock has a market capitalization of C$58.41 million, a price-to-earnings ratio of -16.00 and a beta of 1.84.

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.