Skyharbour Resources Ltd. (CVE:SYH)’s stock price shot up 19.7% during trading on Monday . The stock traded as high as C$0.76 and last traded at C$0.73. 468,845 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 369,083 shares. The stock had previously closed at C$0.61.
Separately, Fundamental Research increased their target price on Skyharbour Resources from C$0.53 to C$0.77 and gave the company a “buy” rating in a report on Tuesday, June 15th.
The firm has a fifty day simple moving average of C$0.41 and a 200-day simple moving average of C$0.43. The company has a market cap of C$96.78 million and a PE ratio of -71.82.
Skyharbour Resources Ltd., a uranium and thorium exploration company, engages in the acquisition, exploration, and evaluation of mineral properties in Saskatchewan, Canada. Its flagship project is the Moore Uranium project covering 35,705 hectare, located on the eastern portion of the Athabasca Basin.
Further Reading: Average Daily Trade Volume Explained
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