Skyharbour Resources (CVE:SYH) Trading Down 1.6% – Should You Sell?

Skyharbour Resources Ltd. (CVE:SYH) was down 1.6% during mid-day trading on Friday . The company traded as low as C$0.31 and last traded at C$0.31. Approximately 222,370 shares were traded during trading, a decline of 33% from the average daily volume of 333,451 shares. The stock had previously closed at C$0.32.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.02 target price on Skyharbour Resources and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Skyharbour Resources Price Performance

The firm has a market capitalization of C$64.31 million, a PE ratio of -15.98 and a beta of 1.84. The stock has a 50-day moving average price of C$0.33 and a 200-day moving average price of C$0.36.

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.