Skyharbour Resources (CVE:SYH) Reaches New 52-Week High – Still a Buy?

Shares of Skyharbour Resources Ltd. (CVE:SYH) reached a new 52-week high on Thursday . The stock traded as high as C$0.53 and last traded at C$0.53, with a volume of 1499261 shares traded. The stock had previously closed at C$0.47.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.12 price objective on shares of Skyharbour Resources and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$1.12.

Skyharbour Resources Stock Up 9.3%

The stock has a market capitalization of C$121.40 million, a price-to-earnings ratio of 118.00 and a beta of 1.14. The business’s 50 day simple moving average is C$0.40 and its 200-day simple moving average is C$0.38.

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.