Skyharbour Resources (CVE:SYH) Stock Price Up 2.9% – Still a Buy?

Skyharbour Resources Ltd. (CVE:SYH) shares rose 2.9% during mid-day trading on Monday . The stock traded as high as C$0.36 and last traded at C$0.35. Approximately 182,816 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 277,179 shares. The stock had previously closed at C$0.34.

Wall Street Analysts Forecast Growth

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

Skyharbour Resources Stock Up 2.8 %

The stock’s 50-day moving average price is C$0.35 and its 200 day moving average price is C$0.39. The firm has a market capitalization of C$76.76 million, a price-to-earnings ratio of -19.07 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.