Skyharbour Resources (CVE:SYH) Shares Down 7.4% – Time to Sell?

Shares of Skyharbour Resources Ltd. (CVE:SYH) dropped 7.4% on Friday . The stock traded as low as C$0.32 and last traded at C$0.32. Approximately 324,011 shares changed hands during trading, an increase of 13% from the average daily volume of 285,554 shares. The stock had previously closed at C$0.34.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$1.02 price target on Skyharbour Resources and gave the company a “buy” rating in a research report on Thursday, January 30th.

Skyharbour Resources Stock Down 7.4 %

The firm has a market capitalization of C$65.35 million, a PE ratio of -16.23 and a beta of 1.84. The stock has a 50-day moving average price of C$0.35 and a 200 day moving average price of C$0.39.

Skyharbour Resources Company Profile

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 25,847 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.