Skeena Resources (TSE:SKE) Trading Down 3.4% – Time to Sell?

Skeena Resources Limited (TSE:SKE) traded down 3.4% during mid-day trading on Monday . The stock traded as low as C$14.63 and last traded at C$14.65. 219,583 shares were traded during trading, a decline of 20% from the average session volume of 276,075 shares. The stock had previously closed at C$15.16.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank of Canada raised their target price on shares of Skeena Resources from C$17.00 to C$18.00 in a research note on Friday, December 6th. CIBC cut their price target on Skeena Resources from C$17.00 to C$16.00 in a report on Monday, December 2nd. Finally, Scotiabank boosted their price objective on Skeena Resources from C$13.50 to C$14.00 in a research note on Wednesday, January 15th.

Skeena Resources Price Performance

The firm has a market cap of C$1.56 billion, a price-to-earnings ratio of -8.59 and a beta of 1.65. The stock’s fifty day moving average price is C$14.58 and its 200-day moving average price is C$13.24. The company has a current ratio of 1.87, a quick ratio of 1.55 and a debt-to-equity ratio of 19.27.

Insider Activity

In related news, Director Craig Andrew Parry sold 23,000 shares of Skeena Resources stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of C$14.00, for a total value of C$321,917.20. Also, Senior Officer Andrew Macritchie sold 33,540 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of C$14.20, for a total value of C$476,268.00. Insiders have sold a total of 192,488 shares of company stock valued at $2,882,390 in the last quarter. Insiders own 1.51% of the company’s stock.

Skeena Resources Company Profile

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.