Skyharbour Resources (CVE:SYH) Stock Price Down 1.1% – What’s Next?

Shares of Skyharbour Resources Ltd. (CVE:SYH) were down 1.1% during trading on Monday . The stock traded as low as C$0.43 and last traded at C$0.45. Approximately 973,618 shares traded hands during trading, an increase of 5% from the average daily volume of 931,001 shares. The stock had previously closed at C$0.46.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.12 price objective on shares of Skyharbour Resources and gave the company a “buy” rating in a research note on Tuesday, December 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Skyharbour Resources presently has a consensus rating of “Buy” and a consensus target price of C$1.12.

Skyharbour Resources Trading Down 1.1%

The business’s fifty day simple moving average is C$0.38 and its 200-day simple moving average is C$0.37. The firm has a market cap of C$92.59 million, a P/E ratio of 90.00 and a beta of 1.14.

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.