Skeena Resources (NYSE:SKE) Trading Up 4% – Still a Buy?

Skeena Resources Limited (NYSE:SKE)’s share price was up 4% on Thursday . The company traded as high as $10.17 and last traded at $10.16. Approximately 43,882 shares changed hands during trading, a decline of 85% from the average daily volume of 290,777 shares. The stock had previously closed at $9.77.

Skeena Resources Stock Performance

The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -7.44 and a beta of 1.29. The firm has a fifty day moving average of $10.00 and a 200-day moving average of $9.26.

Hedge Funds Weigh In On Skeena Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Skeena Resources during the 4th quarter valued at approximately $31,000. FNY Investment Advisers LLC raised its stake in shares of Skeena Resources by 2,252.9% in the 4th quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company’s stock worth $34,000 after buying an additional 3,830 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Skeena Resources in the 3rd quarter valued at about $43,000. Tower Research Capital LLC TRC grew its position in Skeena Resources by 2,067.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company’s stock worth $51,000 after buying an additional 5,541 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of Skeena Resources in the 4th quarter worth $89,000. 45.15% of the stock is owned by hedge funds and other institutional investors.

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.