Skyharbour Resources (CVE:SYH) Stock Price Down 1.4% – Here’s Why

Skyharbour Resources Ltd. (CVE:SYH) shares fell 1.4% during trading on Monday . The stock traded as low as C$0.34 and last traded at C$0.34. 248,938 shares changed hands during trading, a decline of 24% from the average session volume of 328,138 shares. The stock had previously closed at C$0.35.

Wall Street Analyst Weigh In

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

Skyharbour Resources Stock Up 4.3 %

The company has a market cap of C$65.71 million, a price-to-earnings ratio of -18.00 and a beta of 1.84. The business has a 50-day simple moving average of C$0.39 and a two-hundred day simple moving average of C$0.39.

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.