Skyharbour Resources (CVE:SYH) Stock Price Up 43.1% – Still a Buy?

Skyharbour Resources Ltd. (CVE:SYH)’s share price shot up 43.1% during trading on Saturday . The company traded as high as C$0.47 and last traded at C$0.47. Approximately 7,214,700 shares were traded 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.

Skyharbour Resources News Roundup

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

• Neutral Sentiment: Market snapshot: SYH’s share price moved higher today with a very large spike in trading volume versus its recent average, suggesting fresh news or a new catalyst is driving investor interest. MarketBeat SYH summary
• Neutral Sentiment: Technical context: recent trading has pushed the stock above its recent moving averages, which may attract momentum traders if news supports the move.

Analyst Upgrades and Downgrades

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

Skyharbour Resources Trading Up 43.1%

The company 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’s fifty day simple moving average is C$0.35 and its two-hundred day simple moving average is 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.