Walter Coles Jr. Sells 33,000 Shares of Skeena Resources Limited

Walter Coles Jr., a director at Skeena Resources Limited (TSE:SKE), recently sold 33,000 shares of the company's stock on Wednesday, February 5th. The shares were sold at an average price of C$16.40, resulting in a total transaction value of C$541,200.00.

Skeena Resources Stock Performance

On Monday, shares of Skeena Resources traded up by C$0.35, reaching a price of C$16.45. During this trading session, a total of 161,022 shares changed hands, which is below the average volume of 233,330 shares. The stock has a 50-day simple moving average of C$13.68 and a 200-day simple moving average of C$12.15. Over the past year, Skeena Resources has seen its stock price fluctuate between a low of C$4.48 and a high of C$16.79. The company's market capitalization stands at C$1.75 billion, with a P/E ratio of -10.75 and a beta of 1.65. Moreover, it has a quick ratio of 1.55, a current ratio of 2.88, and a high debt-to-equity ratio of 10.23.

Recent Analyst Ratings

Recently, multiple equity analysts have provided updates on Skeena Resources' stock. Scotiabank raised its price target for the stock from C$13.50 to C$14.00 in a report released on January 15th. Additionally, the Royal Bank of Canada increased its price target from C$17.00 to C$18.00 on December 6th. Desjardins also upgraded Skeena Resources to a "moderate buy" rating on October 31st. Conversely, CIBC decreased its price target from C$17.00 to C$16.00 in a research note published on December 2nd.

Background on Skeena Resources

Skeena Resources Limited is involved in the exploration and development of mineral properties located in Canada. The company focuses on discovering deposits of gold, silver, copper, and other precious metals. It holds a 100% interest in the Snip gold mine, which includes one mining lease and nine mineral tenures across roughly 4,724 hectares. Additionally, Skeena Resources owns the Eskay Creek gold mine, consisting of eight mineral leases, two surface leases, and various unpatented mining claims spanning 7,666 hectares in British Columbia, Canada.

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