Skeena Resources Limited (SKE.V) (CVE:SKE) Senior Officer Andrew Macritchie sold 64,900 shares of the firm’s stock in a transaction that occurred on Friday, April 30th. The shares were sold at an average price of C$3.65, for a total value of C$237,164.07. Following the completion of the sale, the insider now directly owns 607,620 shares in the company, valued at approximately C$2,220,425.77.
Shares of CVE:SKE traded down C$0.15 during trading on Tuesday, hitting C$2.62. 258,371 shares of the stock were exchanged, compared to its average volume of 416,331. Skeena Resources Limited has a 1-year low of C$0.38 and a 1-year high of C$3.12. The company has a market capitalization of C$431.26 million and a price-to-earnings ratio of -9.63. The company’s fifty day simple moving average is C$2.62 and its 200-day simple moving average is C$2.62. The company has a debt-to-equity ratio of 8.52, a quick ratio of 1.95 and a current ratio of 2.28.
Separately, Raymond James set a C$5.50 price objective on Skeena Resources Limited (SKE.V) and gave the stock a “strong-buy” rating in a report on Thursday, April 29th.
Skeena Resources Limited, a junior mining exploration company, engages in the acquisition, exploration, and development of base and precious metal properties in Canada. The company holds 100% interests in the Snip gold mine covering an area of approximately 1,932 hectares; the Spectrum-GJ copper-gold properties covering an area of 43,500 hectares; and the Porter Idaho silver property that consists of 46 crown-granted mineral claims; and Blackdome gold mine property.
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