Skeena Resources Limited (TSE:SKE) Director Sells C$740,509.00 in Stock

Skeena Resources Limited (TSE:SKE) Director Craig Andrew Parry sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of C$10.58, for a total value of C$740,509.00.

Skeena Resources Trading Up 6.0 %

Skeena Resources stock traded up C$0.66 during trading hours on Monday, reaching C$11.75. 355,973 shares of the company’s stock were exchanged, compared to its average volume of 326,901. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23. The firm’s 50 day simple moving average is C$12.20 and its 200 day simple moving average is C$9.40. Skeena Resources Limited has a twelve month low of C$4.48 and a twelve month high of C$14.28. The firm has a market capitalization of C$1.25 billion, a PE ratio of -7.81 and a beta of 1.65.

Analysts Set New Price Targets

SKE has been the subject of several recent analyst reports. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research note on Thursday, October 31st. Royal Bank of Canada increased their price target on Skeena Resources from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Canaccord Genuity Group increased their price target on Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. Finally, Scotiabank increased their price target on Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$16.96.

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.