Insider Selling: Skeena Resources Limited (TSE:SKE) Director Sells 25,000 Shares of Stock

Skeena Resources Limited (TSE:SKE) Director Craig Andrew Parry sold 25,000 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of C$14.14, for a total transaction of C$353,500.00.

Craig Andrew Parry also recently made the following trade(s):

• On Tuesday, January 21st, Craig Andrew Parry sold 23,000 shares of Skeena Resources stock. The shares were sold at an average price of C$14.00, for a total transaction of C$321,917.20.
• On Thursday, November 14th, Craig Andrew Parry sold 70,000 shares of Skeena Resources stock. The shares were sold at an average price of C$10.58, for a total transaction of C$740,509.00.

Skeena Resources Stock Performance

SKE opened at C$14.42 on Friday. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55. The company has a market capitalization of C$1.54 billion, a PE ratio of -9.42 and a beta of 1.65. The business has a fifty day simple moving average of C$13.33 and a 200 day simple moving average of C$11.82. Skeena Resources Limited has a 1 year low of C$4.48 and a 1 year high of C$14.70.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SKE. Royal Bank of Canada boosted their price target on Skeena Resources from C$17.00 to C$18.00 in a research report on Friday, December 6th. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research note on Thursday, October 31st. CIBC cut their price target on Skeena Resources from C$17.00 to C$16.00 in a report on Monday, December 2nd. Finally, Scotiabank increased their price objective on shares of Skeena Resources from C$13.50 to C$14.00 in a research report on Wednesday, January 15th.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.