Skyharbour Resources (CVE:SYH) Hits New 52-Week Low – Time to Sell?

Skyharbour Resources Ltd. (CVE:SYH)’s stock price reached a new 52-week low during trading on Friday. The company traded as low as C$0.29 and last traded at C$0.30, with a volume of 581,583 shares trading hands. The stock had previously closed at C$0.30.

Analyst Upgrades and Downgrades

Separately, Ventum set a C$0.75 price target on Skyharbour Resources and gave the company a “buy” rating in a research note on Friday, August 28th. Two analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$0.95.

Skyharbour Resources Trading Down 3.3%

The business has a 50-day moving average price of C$0.38 and a 200-day moving average price of C$0.44. The stock has a market cap of C$65.28 million, a PE ratio of 370.00 and a beta of 1.57.

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. It also holds 100% interest in the South Falcon Point project; and the Moore Lake Uranium project comprising 12 claims totaling area of 35,705 located in Saskatchewan, Canada.