Skyharbour Resources (CVE:SYH) Shares Down 7.8% – Time to Sell?

Skyharbour Resources Ltd. (CVE:SYH)’s share price fell 7.8% during trading on Friday . The company traded as low as C$0.41 and last traded at C$0.41. 1,093,970 shares changed hands during mid-day trading, an increase of 82% from the average daily volume of 600,638 shares. The stock had previously closed at C$0.45.

Wall Street Analysts Forecast Growth

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

Skyharbour Resources Stock Down 7.8%

The stock’s 50-day moving average price is C$0.43 and its 200-day moving average price is C$0.44. The company has a market capitalization of C$91.84 million, a price-to-earnings ratio of 370.00 and a beta of 0.57.

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.