Skeena Resources (NYSE:SKE) Shares Gap Up to $5.13

Skeena Resources Limited (NYSE:SKE) shares gapped up before the market opened on Tuesday . The stock had previously closed at $5.13, but opened at $5.25. Skeena Resources shares last traded at $5.57, with a volume of 121,673 shares traded.

Skeena Resources Price Performance

The company’s fifty day moving average is $4.77 and its 200 day moving average is $4.52. The firm has a market cap of $616.13 million, a price-to-earnings ratio of -5.69 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.

Skeena Resources (NYSE:SKE) last announced its earnings results on Friday, May 10th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.19). On average, equities research analysts predict that Skeena Resources Limited will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. HTLF Bank acquired a new stake in Skeena Resources in the first quarter valued at $125,000. Nokomis Capital L.L.C. acquired a new stake in Skeena Resources in the first quarter valued at $155,000. Knoll Capital Management LLC acquired a new stake in Skeena Resources in the first quarter valued at $179,000. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 acquiring an additional 7,948 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Skeena Resources by 54.4% in the fourth quarter. Raymond James & Associates now owns 138,367 shares of the company’s stock valued at $675,000 after acquiring an additional 48,728 shares during the last quarter. Institutional investors and hedge funds own 45.15% of the company’s stock.

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.