Skeena Resources (NYSE:SKE) Sees Large Volume Increase

Shares of Skeena Resources Limited (NYSE:SKE) saw an uptick in trading volume on Wednesday . 114,885 shares traded hands during mid-day trading, a decline of 52% from the previous session’s volume of 236,953 shares.The stock last traded at $5.55 and had previously closed at $5.58.

Skeena Resources Stock Up 3.9 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.11 and a current ratio of 3.11. The stock has a market cap of $616.13 million, a P/E ratio of -5.69 and a beta of 1.32. The stock’s fifty day simple moving average is $4.79 and its 200-day simple moving average is $4.53.

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

Institutional Trading of Skeena Resources

A number of institutional investors and hedge funds have recently made changes to their positions in SKE. Ruffer LLP lifted its holdings in shares of Skeena Resources by 31.1% during the 4th quarter. Ruffer LLP now owns 2,337,970 shares of the company’s stock worth $11,463,000 after acquiring an additional 555,000 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Skeena Resources by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 3,621,050 shares of the company’s stock worth $17,627,000 after acquiring an additional 55,000 shares during the period. Raymond James & Associates lifted its holdings in shares of Skeena Resources by 54.4% during the 4th quarter. Raymond James & Associates now owns 138,367 shares of the company’s stock worth $675,000 after acquiring an additional 48,728 shares during the period. Knoll Capital Management LLC bought a new stake in shares of Skeena Resources during the 1st quarter worth approximately $179,000. Finally, Intact Investment Management Inc. lifted its holdings in shares of Skeena Resources by 6.7% during the 4th quarter. Intact Investment Management Inc. now owns 561,575 shares of the company’s stock worth $2,734,000 after acquiring an additional 35,100 shares during the period. Institutional investors 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.