Skeena Resources (NYSE:SKE) Shares Down 3.2% – What’s Next?

Skeena Resources Limited (NYSE:SKE)’s stock price fell 3.2% during trading on Wednesday . The company traded as low as $10.78 and last traded at $10.82. 87,998 shares traded hands during trading, a decline of 74% from the average session volume of 338,616 shares. The stock had previously closed at $11.17.

Skeena Resources Price Performance

The company has a market cap of $1.22 billion, a P/E ratio of -7.87 and a beta of 1.29. The company’s 50-day moving average is $10.12 and its two-hundred day moving average is $9.35.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Skeena Resources during the fourth quarter valued at $31,000. FNY Investment Advisers LLC boosted its holdings in shares of Skeena Resources by 2,252.9% during the 4th quarter. FNY Investment Advisers LLC now owns 4,000 shares of the company’s stock valued at $34,000 after acquiring an additional 3,830 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Skeena Resources in the third quarter worth approximately $43,000. Tower Research Capital LLC TRC raised its holdings in shares of Skeena Resources by 2,067.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,809 shares of the company’s stock valued at $51,000 after purchasing an additional 5,541 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in Skeena Resources during the fourth quarter valued at approximately $89,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

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.