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

Shares of Skeena Resources Limited (NYSE:SKE) reached a new 52-week high on Monday . The company traded as high as $10.23 and last traded at $10.15, with a volume of 32024 shares trading hands. The stock had previously closed at $9.82.

Skeena Resources Trading Up 4.5 %

The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -9.63 and a beta of 1.37. The stock has a fifty day moving average of $8.27 and a two-hundred day moving average of $6.28.

Skeena Resources (NYSE:SKE) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.22). Equities analysts expect that Skeena Resources Limited will post -0.66 earnings per share for the current year.

Institutional Trading of Skeena Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pinnacle Wealth Management Group Inc. bought a new position in Skeena Resources in the 3rd quarter valued at $110,000. Mackenzie Financial Corp acquired a new stake in Skeena Resources in the second quarter worth about $179,000. Nokomis Capital L.L.C. bought a new stake in Skeena Resources during the 1st quarter worth about $155,000. Knoll Capital Management LLC acquired a new position in Skeena Resources during the 1st quarter valued at about $179,000. Finally, Corundum Trust Company INC acquired a new stake in shares of Skeena Resources during the 2nd quarter worth approximately $350,000. Institutional investors and hedge funds own 45.15% of the company’s stock.

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.