Skyharbour Resources (CVE:SYH) Trading 6.8% Higher

Skyharbour Resources Ltd. (CVE:SYH)’s share price shot up 6.8% during trading on Friday . The stock traded as high as C$0.39 and last traded at C$0.39. 26,000 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 384,824 shares. The stock had previously closed at C$0.37.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.21 target price on Skyharbour Resources and gave the stock a “buy” rating in a research note on Thursday, August 8th.

Skyharbour Resources Stock Performance

The firm has a market capitalization of C$70.27 million, a P/E ratio of -18.25 and a beta of 1.80. The stock’s 50 day simple moving average is C$0.36 and its 200 day simple moving average is C$0.41.

About Skyharbour Resources

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 25,486 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.