Skeena Resources Limited (TSE:SKE – Get Free Report) insider Andrew Macritchie sold 50,000 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of C$39.86, for a total transaction of C$1,993,000.00. Following the transaction, the insider owned 726,503 shares of the company’s stock, valued at approximately C$28,958,409.58. This represents a 6.44% decrease in their position.
Andrew Macritchie also recently made the following trade(s):
- On Friday, July 3rd, Andrew Macritchie sold 19,200 shares of Skeena Resources stock. The shares were sold at an average price of C$42.00, for a total transaction of C$806,400.00.
- On Monday, July 6th, Andrew Macritchie sold 37,600 shares of Skeena Resources stock. The shares were sold at an average price of C$40.10, for a total transaction of C$1,507,760.00.
Skeena Resources Price Performance
SKE stock traded down C$0.48 during mid-day trading on Monday, hitting C$37.74. The company had a trading volume of 114,973 shares, compared to its average volume of 423,203. The company has a 50-day moving average price of C$38.98 and a 200 day moving average price of C$41.47. Skeena Resources Limited has a 12-month low of C$19.14 and a 12-month high of C$53.00. The company has a market capitalization of C$4.68 billion, a price-to-earnings ratio of -18.06 and a beta of 2.49. The company has a quick ratio of 1.55, a current ratio of 0.49 and a debt-to-equity ratio of 36.02.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on SKE. BMO Capital Markets raised their price target on Skeena Resources from C$45.00 to C$50.00 in a report on Wednesday, April 1st. Canaccord Genuity Group increased their target price on Skeena Resources from C$40.00 to C$52.00 in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$47.43.
Read Our Latest Analysis on SKE
About Skeena Resources
Skeena Resources Ltd is a Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The company’s primary activity is the exploration and development of the past-producing Eskay Creek mine acquired from Barrick.
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