Skeena Resources (TSE:SKE) Sets New 52-Week High – What’s Next?

Skeena Resources Limited (TSE:SKE) hit a new 52-week high on Friday . The stock traded as high as C$14.71 and last traded at C$14.47, with a volume of 8444 shares. The stock had previously closed at C$14.42.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SKE shares. CIBC dropped their price objective on Skeena Resources from C$17.00 to C$16.00 in a report on Monday, December 2nd. Scotiabank upped their price target on shares of Skeena Resources from C$13.50 to C$14.00 in a report on Wednesday, January 15th. Desjardins upgraded shares of Skeena Resources to a “moderate buy” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada upped their target price on shares of Skeena Resources from C$17.00 to C$18.00 in a research note on Friday, December 6th.

Skeena Resources Trading Down 1.1 %

The company has a debt-to-equity ratio of 10.23, a quick ratio of 1.55 and a current ratio of 2.88. The company has a market capitalization of C$1.52 billion, a P/E ratio of -9.32 and a beta of 1.65. The company’s fifty day simple moving average is C$13.36 and its 200-day simple moving average is C$11.87.

Insider Activity at Skeena Resources

In related news, Director Craig Andrew Parry sold 70,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$10.58, for a total transaction of C$740,509.00. Also, Senior Officer Andrew Macritchie sold 33,540 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of C$14.20, for a total transaction of C$476,268.00. Insiders have sold a total of 169,496 shares of company stock valued at $2,141,625 over the last ninety days. 1.51% of the stock is owned by company insiders.

About Skeena Resources

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.