Skeena Resources (TSE:SKE) Trading Down 3% – Should You Sell?

Skeena Resources Limited (TSE:SKEGet Free Report) shares fell 3% on Monday . The stock traded as low as C$44.14 and last traded at C$44.54. 267,817 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 412,394 shares. The stock had previously closed at C$45.90.

Skeena Resources Stock Down 2.9%

The company has a debt-to-equity ratio of 657.17, a quick ratio of 1.55 and a current ratio of 3.15. The company’s fifty day moving average price is C$39.64 and its 200-day moving average price is C$41.81. The stock has a market cap of C$5.42 billion, a P/E ratio of -20.88 and a beta of 2.48.

Skeena Resources (TSE:SKEGet Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported C($0.28) earnings per share for the quarter. Equities analysts forecast that Skeena Resources Limited will post -0.4862973 EPS for the current year.

Insider Activity

In other news, insider Andrew Macritchie sold 50,000 shares of Skeena Resources stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of C$39.86, for a total transaction of C$1,993,000.00. Following the completion of the sale, the insider owned 726,503 shares of the company’s stock, valued at approximately C$28,958,409.58. The trade was a 6.44% decrease in their ownership of the stock. Also, insider Kyle Christopher Foster sold 1,475 shares of the company’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$41.70, for a total transaction of C$61,507.50. Following the completion of the sale, the insider directly owned 655 shares of the company’s stock, valued at approximately C$27,313.50. This trade represents a 69.25% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 151,744 shares of company stock valued at $6,210,475. 1.51% of the stock is currently owned by insiders.

About Skeena Resources

(Get Free Report)

Skeena is a leading precious metals development company focused on advancing the Eskay Creek Gold-Silver Project in British Columbia’s Golden Triangle. With the Project fully permitted and under construction, the Company is progressing Eskay Creek towards initial production and cash flow in the second quarter of 2027. Once in operation, Eskay Creek is expected to be one of the world’s highest-grade and lowest-cost open-pit precious metals mines, with significant silver by-product production that exceeds the output of many primary silver mines.

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