Walter Coles Jr. Sells 33,000 Shares of Skeena Resources Limited (TSE:SKE) Stock

Skeena Resources Limited (TSE:SKE) Director Walter Coles Jr. sold 33,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of C$16.40, for a total transaction of C$541,200.00.

Skeena Resources Trading Down 3.3 %

Shares of TSE SKE opened at C$15.90 on Wednesday. Skeena Resources Limited has a 1-year low of C$4.48 and a 1-year high of C$16.79. The company has a debt-to-equity ratio of 10.23, a current ratio of 2.88 and a quick ratio of 1.55. The business’s 50 day moving average is C$13.73 and its two-hundred day moving average is C$12.18. The stock has a market capitalization of C$1.70 billion, a P/E ratio of -10.39 and a beta of 1.65.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Desjardins upgraded Skeena Resources to a “moderate buy” rating in a research report on Thursday, October 31st. Scotiabank raised their price target on Skeena Resources from C$13.50 to C$14.00 in a report on Wednesday, January 15th. CIBC decreased their price objective on Skeena Resources from C$17.00 to C$16.00 in a report on Monday, December 2nd. Finally, Royal Bank of Canada raised their target price on shares of Skeena Resources from C$17.00 to C$18.00 in a report on Friday, December 6th.

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.