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

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

Skeena Resources Stock Performance

Shares of SKE opened at C$15.71 on Thursday. The firm has a market cap of C$1.68 billion, a price-to-earnings ratio of -10.27 and a beta of 1.65. The company’s fifty day moving average is C$13.79 and its 200-day moving average is C$12.23. The company has a quick ratio of 1.55, a current ratio of 2.88 and a debt-to-equity ratio of 10.23. Skeena Resources Limited has a 12 month low of C$4.48 and a 12 month high of C$16.79.

Wall Street Analysts Forecast Growth

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

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.