Skeena Resources (NYSE:SKE) Reaches New 52-Week High at $6.53

Skeena Resources Limited (NYSE:SKE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $6.53 and last traded at $6.50, with a volume of 41425 shares. The stock had previously closed at $6.29.

Skeena Resources Stock Performance

The stock has a market capitalization of $695.81 million, a PE ratio of -6.17 and a beta of 1.32. The company has a quick ratio of 3.11, a current ratio of 3.11 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $4.87 and a 200-day moving average price of $4.56.

Skeena Resources (NYSE:SKE) last announced its quarterly earnings data on Friday, May 10th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.19). Research analysts expect that Skeena Resources Limited will post -0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SKE. Mirae Asset Global Investments Co. Ltd. grew its holdings in Skeena Resources by 14.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,925 shares of the company’s stock valued at $303,000 after purchasing an additional 7,948 shares during the period. Goehring & Rozencwajg Associates LLC grew its holdings in Skeena Resources by 3.4% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 340,080 shares of the company’s stock valued at $1,656,000 after purchasing an additional 11,085 shares during the period. HTLF Bank acquired a new stake in Skeena Resources in the first quarter valued at approximately $125,000. Nokomis Capital L.L.C. acquired a new stake in Skeena Resources in the first quarter valued at approximately $155,000. Finally, Intact Investment Management Inc. grew its holdings in Skeena Resources by 6.7% in the fourth quarter. Intact Investment Management Inc. now owns 561,575 shares of the company’s stock valued at $2,734,000 after purchasing an additional 35,100 shares during the period. 45.15% of the stock is currently 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.