Skyharbour Resources (CVE:SYH) Shares Up 9.4% – Here’s Why

Skyharbour Resources Ltd. (CVE:SYH)’s stock price rose 9.4% on Friday . The stock traded as high as C$0.36 and last traded at C$0.35. Approximately 119,400 shares were traded during trading, a decline of 67% from the average daily volume of 356,505 shares. The stock had previously closed at C$0.32.

Wall Street Analyst Weigh In

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 note on Tuesday, December 10th.

Skyharbour Resources Price Performance

The company has a fifty day simple moving average of C$0.42 and a 200-day simple moving average of C$0.40. The company has a market cap of C$63.89 million, a P/E ratio of -17.50 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.