Shares of Skeena Resources Limited (NYSE:SKE – Get Free Report) saw strong trading volume on Monday . 156,028 shares traded hands during mid-day trading, a decline of 47% from the previous session’s volume of 292,346 shares.The stock last traded at $8.25 and had previously closed at $8.38.
Skeena Resources Stock Performance
The company has a market cap of $853.06 million, a price-to-earnings ratio of -8.16 and a beta of 1.33. The company’s 50 day moving average price is $5.88 and its 200 day moving average price is $4.97.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SKE. HTLF Bank bought a new stake in Skeena Resources during the first quarter valued at about $125,000. Nokomis Capital L.L.C. bought a new stake in Skeena Resources during the 1st quarter valued at approximately $155,000. Knoll Capital Management LLC acquired a new stake in Skeena Resources in the 1st quarter valued at approximately $179,000. Mackenzie Financial Corp bought a new position in Skeena Resources in the 2nd quarter worth approximately $179,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Skeena Resources by 14.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company’s stock worth $303,000 after buying an additional 7,948 shares during the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.
Skeena Resources Company Profile
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.
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