Craig Andrew Parry Sells 70,000 Shares of Skeena Resources Limited (TSE:SKE) Stock

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

Skeena Resources Trading Up 7.7 %

TSE:SKE opened at C$11.94 on Tuesday. The business’s 50-day moving average price is C$12.23 and its two-hundred day moving average price is C$9.42. Skeena Resources Limited has a 1-year low of C$4.48 and a 1-year high of C$14.28. The company has a current ratio of 2.88, a quick ratio of 1.55 and a debt-to-equity ratio of 10.23. The firm has a market capitalization of C$1.27 billion, a price-to-earnings ratio of -7.80 and a beta of 1.65.

Wall Street Analyst Weigh In

Several analysts have recently commented on SKE shares. Scotiabank increased their price target on shares of Skeena Resources from C$12.00 to C$13.50 in a research note on Monday, August 19th. Canaccord Genuity Group lifted their target price on Skeena Resources from C$17.00 to C$17.25 in a research note on Tuesday, July 23rd. Royal Bank of Canada upped 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. Finally, Desjardins raised Skeena Resources to a “moderate buy” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$16.96.

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.