Skeena Resources (TSE:SKE) Stock Price Up 7.6% – What’s Next?

Skeena Resources Limited (TSE:SKE) rose 7.6% on Tuesday . The stock traded as high as C$14.06 and last traded at C$14.03. Approximately 144,350 shares traded hands during trading, a decline of 29% from the average daily volume of 202,008 shares. The stock had previously closed at C$13.04.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. CIBC lowered their target price on shares of Skeena Resources from C$17.00 to C$16.00 in a report on Monday, December 2nd. Desjardins raised Skeena Resources to a “moderate buy” rating in a report on Thursday, October 31st. Finally, Royal Bank of Canada increased their target price on Skeena Resources from C$17.00 to C$18.00 in a research note on Friday, December 6th.

Skeena Resources Price Performance

The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 10.23. The company has a market capitalization of C$1.52 billion, a PE ratio of -9.31 and a beta of 1.65. The company’s 50 day moving average price is C$12.84 and its 200-day moving average price is C$11.26.

Insiders Place Their Bets

In other Skeena Resources news, Director Craig Andrew Parry sold 70,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of C$10.58, for a total transaction of C$740,509.00. 1.51% of the stock is currently owned by insiders.

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.