Skyharbour Resources (CVE:SYH) Stock Price Up 43.1% – Should You Buy?

Skyharbour Resources Ltd. (CVE:SYH) was up 43.1% during trading on Friday . The company traded as high as C$0.47 and last traded at C$0.47. Approximately 7,214,700 shares changed hands during mid-day trading, an increase of 1,130% from the average daily volume of 586,360 shares. The stock had previously closed at C$0.33.

Key Stores Impacting Skyharbour Resources

Here are the key news stories impacting Skyharbour Resources this week:

• Positive Sentiment: Completion of four joint ventures with Denison Mines de-risks Skyharbour’s Russell Lake assets by bringing a well-capitalized, experienced partner that can fund and execute exploration programs, increasing the likelihood of discovery and advancing project value. Denison Mines Forms Joint Ventures With Skyharbour
• Neutral Sentiment: Media coverage highlighting Denison (a recognized uranium name) may attract new investor attention and trading volume in SYH, but coverage alone doesn’t change Skyharbour’s underlying resource metrics or timeline. Denison Mines Forms Joint Ventures With Skyharbour
• Negative Sentiment: Depending on the earn-in/ownership terms (not fully detailed in the summary), Skyharbour may retain a smaller direct stake in the claims or accept carried/structured consideration that limits near-term upside compared with sole ownership — a potential cap on upside for shareholders. Lack of immediate drill results also means value is realization-tied and timing uncertain. Denison Mines Forms Joint Ventures With Skyharbour

Analysts Set New Price Targets

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

Skyharbour Resources Price Performance

The stock has a market capitalization of C$95.07 million, a price-to-earnings ratio of 93.00 and a beta of 1.26. The firm has a 50 day simple moving average of C$0.35 and a 200-day simple moving average of C$0.35.

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.