Skyharbour Resources (CVE:SYH) Stock Jumps 0.9% – Here’s Why

Skyharbour Resources Ltd. (CVE:SYH)’s share price shot up 0.9% during mid-day trading on Monday. The stock traded as high as C$0.35 and last traded at C$0.34. Approximately 360,642 shares traded hands during trading, a decline of 39% from the average daily volume of 591,499 shares. The stock had previously closed at C$0.34.

Wall Street Analyst Weigh In

Separately, Ventum set a C$0.75 price objective on shares of Skyharbour Resources and gave the company a “buy” rating in a research note on Friday, August 28th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$0.95.

Skyharbour Resources Stock Up 0.9%

The stock has a fifty day moving average price of C$0.40 and a 200-day moving average price of C$0.44. The firm has a market cap of C$75.91 million, a price-to-earnings 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.