Skyharbour Resources (CVE:SYH) Sets New 12-Month Low – What’s Next?

Skyharbour Resources Ltd. (CVE:SYH)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.31 and last traded at C$0.32, with a volume of 284069 shares changing hands. The stock had previously closed at C$0.32.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.21 price target on Skyharbour Resources and gave the company a “buy” rating in a research report on Tuesday, December 10th.

Skyharbour Resources Stock Up 15.6 %

The company has a market capitalization of C$67.54 million, a P/E ratio of -18.50 and a beta of 1.84. The business’s 50-day moving average is C$0.42 and its two-hundred day moving average is C$0.40.

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 25,847 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.