Skeena Resources Limited (TSE:SKE) Director Sells C$740,509.00 in Stock

Skeena Resources Limited (TSE:SKE) Director Craig Andrew Parry sold 70,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$10.58, for a total value of C$740,509.00.

Skeena Resources Trading Up 6.0 %

TSE:SKE traded up C$0.66 on Monday, reaching C$11.75. The company’s stock had a trading volume of 355,973 shares, compared to its average volume of 326,901. Skeena Resources Limited has a 1-year low of C$4.48 and a 1-year high of C$14.28. 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 firm has a market cap of C$1.25 billion, a PE ratio of -7.81 and a beta of 1.65. The business’s 50-day moving average price is C$12.20 and its two-hundred day moving average price is C$9.40.

Analyst Ratings Changes

Several brokerages recently issued reports on SKE. Royal Bank of Canada increased their price objective on Skeena Resources from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group increased their price objective on Skeena Resources from C$17.00 to C$17.25 in a report on Tuesday, July 23rd. Desjardins raised Skeena Resources to a “moderate buy” rating in a report on Thursday, October 31st. Finally, Scotiabank raised their target price on Skeena Resources from C$12.00 to C$13.50 in a report on Monday, August 19th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$16.96.

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.