Skyharbour Resources (CVE:SYH) Trading 2.9% Higher – Should You Buy?

Skyharbour Resources Ltd. (CVE:SYH) shares shot up 2.9% during trading on Monday . The company traded as high as C$0.36 and last traded at C$0.35. 182,816 shares traded hands during trading, a decline of 34% from the average session volume of 277,179 shares. The stock had previously closed at C$0.34.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.02 target price on shares of Skyharbour Resources and gave the stock a “buy” rating in a research report on Thursday, January 30th.

Skyharbour Resources Stock Up 2.9 %

The business has a 50-day moving average of C$0.35 and a 200-day moving average of C$0.38. The stock has a market cap of C$72.61 million, a price-to-earnings ratio of -18.04 and a beta of 1.84.

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.