Skeena Resources (NYSE:SKE) Shares Down 3.2%

Shares of Skeena Resources Limited (NYSE:SKE) traded down 3.2% during mid-day trading on Monday . The company traded as low as $4.38 and last traded at $4.49. 283,390 shares were traded during trading, an increase of 50% from the average session volume of 188,330 shares. The stock had previously closed at $4.64.

Skeena Resources Stock Down 2.9 %

The stock has a market capitalization of $419.27 million, a P/E ratio of -4.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.86 and a quick ratio of 3.86. The stock has a fifty day moving average price of $4.32 and a 200 day moving average price of $4.28.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings results on Monday, April 1st. The company reported ($0.27) earnings per share for the quarter. On average, research analysts forecast that Skeena Resources Limited will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On Skeena Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in Skeena Resources by 0.4% in the third quarter. Van ECK Associates Corp now owns 4,710,705 shares of the company’s stock worth $21,546,000 after acquiring an additional 17,672 shares in the last quarter. Franklin Resources Inc. lifted its position in Skeena Resources by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 3,621,050 shares of the company’s stock valued at $17,627,000 after purchasing an additional 55,000 shares during the last quarter. Ruffer LLP raised its holdings in Skeena Resources by 31.1% during the 4th quarter. Ruffer LLP now owns 2,337,970 shares of the company’s stock valued at $11,463,000 after buying an additional 555,000 shares during the last quarter. Mackenzie Financial Corp boosted its position in Skeena Resources by 0.5% during the 3rd quarter. Mackenzie Financial Corp now owns 612,018 shares of the company’s stock valued at $2,785,000 after buying an additional 3,270 shares during the period. Finally, Intact Investment Management Inc. increased its position in shares of Skeena Resources by 6.7% in the fourth quarter. Intact Investment Management Inc. now owns 561,575 shares of the company’s stock valued at $2,734,000 after acquiring an additional 35,100 shares during the period. 45.15% of the stock is currently owned by hedge funds and other institutional investors.

About Skeena Resources

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 four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.