Skyharbour Resources (CVE:SYH) Stock Price Down 2.2% – Here’s Why

by · The Markets Daily

Shares of Skyharbour Resources Ltd. (CVE:SYH – Get Free Report) dropped 2.2% during mid-day trading on Tuesday . The company traded as low as C$0.44 and last traded at C$0.44. Approximately 166,700 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 362,445 shares. The stock had previously closed at C$0.45.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.21 price target on Skyharbour Resources and gave the company a “buy” rating in a research note on Thursday, August 8th.

View Our Latest Research Report on SYH

Skyharbour Resources Stock Down 1.9 %

The company’s 50 day moving average price is C$0.44 and its two-hundred day moving average price is C$0.40. The firm has a market cap of C$77.03 million, a PE ratio of -21.50 and a beta of 1.84.

About Skyharbour Resources

(Get Free Report)

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.

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