Skeena Resources (NYSE:SKE) Hits New 1-Year High at $6.53

Shares of Skeena Resources Limited (NYSE:SKE) hit a new 52-week high on Wednesday . The stock traded as high as $6.53 and last traded at $6.50, with a volume of 41425 shares changing hands. The stock had previously closed at $6.29.

Skeena Resources Stock Performance

The firm’s 50-day moving average price is $4.95 and its two-hundred day moving average price is $4.59. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.24.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings results on Friday, May 10th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.19). As a group, analysts forecast that Skeena Resources Limited will post -0.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SKE. HTLF Bank acquired a new stake in shares of Skeena Resources during the first quarter worth about $125,000. Nokomis Capital L.L.C. purchased a new position in Skeena Resources in the first quarter valued at approximately $155,000. Knoll Capital Management LLC purchased a new position in Skeena Resources in the first quarter valued at approximately $179,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Skeena Resources by 14.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company’s stock valued at $303,000 after purchasing an additional 7,948 shares during the last quarter. Finally, Raymond James & Associates increased its stake in Skeena Resources by 54.4% in the fourth quarter. Raymond James & Associates now owns 138,367 shares of the company’s stock valued at $675,000 after purchasing an additional 48,728 shares during the last quarter. 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.