Skyharbour Resources (CVE:SYH) Shares Down 2.2% – What’s Next?

Shares of Skyharbour Resources Ltd. (CVE:SYH) traded down 2.2% during trading on Tuesday . The stock traded as low as C$0.44 and last traded at C$0.44. 166,700 shares were traded during mid-day trading, a decline of 54% from the average session 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 objective on shares of Skyharbour Resources and gave the company a “buy” rating in a research report on Thursday, August 8th.

Skyharbour Resources Stock Performance

The firm has a fifty day simple moving average of C$0.44 and a 200 day simple moving average of C$0.40. The company has a market capitalization of C$77.03 million, a PE ratio of -21.50 and a beta of 1.84.

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.