Skyharbour Resources (CVE:SYH) Stock Price Down 4.5% – Here’s What Happened

Skyharbour Resources Ltd. (CVE:SYH) dropped 4.5% on Friday . The company traded as low as C$0.43 and last traded at C$0.43. Approximately 51,276 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 369,018 shares. The stock had previously closed at C$0.45.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.21 price objective on Skyharbour Resources and gave the company a “buy” rating in a report on Thursday, August 8th.

Skyharbour Resources Trading Down 4.5 %

The firm’s fifty day moving average is C$0.41 and its 200 day moving average is C$0.40. The company has a market cap of C$77.58 million, a PE ratio of -21.25 and a beta of 1.84.

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.