Skeena Resources (NYSE:SKE) Reaches New 1-Year High – Here’s What Happened

Skeena Resources Limited (NYSE:SKE) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $9.47 and last traded at $9.47, with a volume of 447 shares trading hands. The stock had previously closed at $8.99.

Skeena Resources Stock Performance

The company has a market capitalization of $999.66 million, a P/E ratio of -9.23 and a beta of 1.37. The company has a 50 day moving average price of $8.11 and a 200 day moving average price of $6.20.

Skeena Resources (NYSE:SKE) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.22). As a group, sell-side analysts forecast that Skeena Resources Limited will post -0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SKE. Allspring Global Investments Holdings LLC bought a new stake in shares of Skeena Resources during the second quarter worth approximately $2,682,000. Goehring & Rozencwajg Associates LLC boosted its stake in Skeena Resources by 22.8% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company’s stock valued at $7,888,000 after purchasing an additional 273,300 shares during the period. Marshall Wace LLP grew its holdings in Skeena Resources by 318.8% in the 2nd quarter. Marshall Wace LLP now owns 172,952 shares of the company’s stock valued at $929,000 after buying an additional 131,657 shares in the last quarter. TD Asset Management Inc bought a new position in Skeena Resources during the 2nd quarter worth $405,000. Finally, Corundum Trust Company INC acquired a new stake in shares of Skeena Resources during the second quarter worth $350,000. Institutional investors and hedge funds own 45.15% of the company’s stock.

Skeena Resources Company Profile

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.