Skeena Resources Limited (SKE.V) (CVE:SKE) Stock Price Down 5.4%

Skeena Resources Limited (SKE.V) (CVE:SKEGet Rating)’s stock price dropped 5.4% on Tuesday . The company traded as low as C$2.60 and last traded at C$2.62. Approximately 258,371 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 416,331 shares. The stock had previously closed at C$2.77.

SKE has been the subject of a number of recent analyst reports. CIBC set a C$20.00 target price on Skeena Resources Limited (SKE.V) and gave the stock an “outperform” rating in a research report on Monday, March 14th. Raymond James reduced their price target on shares of Skeena Resources Limited (SKE.V) from C$22.00 to C$20.00 and set a “strong-buy” rating for the company in a research report on Wednesday, May 18th.

The company has a market cap of C$431.26 million and a P/E ratio of -9.63. The business’s 50 day simple moving average is C$2.62 and its 200 day simple moving average is C$2.62. The company has a current ratio of 2.28, a quick ratio of 1.95 and a debt-to-equity ratio of 8.52.

In related news, Director Walter Coles Jr. acquired 29,000 shares of the business’s stock in a transaction on Thursday, April 21st. The stock was acquired at an average cost of C$12.98 per share, with a total value of C$376,391.00. Following the acquisition, the director now directly owns 848,975 shares in the company, valued at approximately C$11,018,846.53. Also, Director Craig Andrew Parry sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of C$9.16, for a total transaction of C$91,610.00. Following the completion of the transaction, the director now directly owns 627,673 shares of the company’s stock, valued at C$5,750,112.35. In the last 90 days, insiders have acquired 112,650 shares of company stock worth $1,266,351 and have sold 207,707 shares worth $2,401,432.

Skeena Resources Limited (SKE.V) Company Profile (CVE:SKE)

Skeena Resources Limited, a junior mining exploration company, engages in the acquisition, exploration, and development of base and precious metal properties in Canada. The company holds 100% interests in the Snip gold mine covering an area of approximately 1,932 hectares; the Spectrum-GJ copper-gold properties covering an area of 43,500 hectares; and the Porter Idaho silver property that consists of 46 crown-granted mineral claims; and Blackdome gold mine property.

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