Skeena Resources (NYSE:SKE) Shares Up 14.5%

Skeena Resources Limited (NYSE:SKE) shares were up 14.5% on Monday . The stock traded as high as $6.54 and last traded at $6.54. Approximately 87,274 shares changed hands during trading, a decline of 68% from the average daily volume of 275,135 shares. The stock had previously closed at $5.71.

Skeena Resources Price Performance

The stock’s 50-day moving average is $5.68 and its two-hundred day moving average is $4.90. The company has a market cap of $790.55 million, a P/E ratio of -7.13 and a beta of 1.33.

Institutional Trading of Skeena Resources

Large investors have recently modified their holdings of the company. Franklin Resources Inc. grew its position in Skeena Resources by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 3,621,050 shares of the company’s stock valued at $17,627,000 after buying an additional 55,000 shares during the period. Ruffer LLP boosted its stake in shares of Skeena Resources by 31.1% during the 4th quarter. Ruffer LLP now owns 2,337,970 shares of the company’s stock worth $11,463,000 after acquiring an additional 555,000 shares during the last quarter. Goehring & Rozencwajg Associates LLC grew its position in shares of Skeena Resources by 22.8% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 1,470,600 shares of the company’s stock valued at $7,888,000 after acquiring an additional 273,300 shares during the period. Intact Investment Management Inc. grew its position in shares of Skeena Resources by 6.7% during the 4th quarter. Intact Investment Management Inc. now owns 561,575 shares of the company’s stock valued at $2,734,000 after acquiring an additional 35,100 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Skeena Resources in the 2nd quarter worth $2,682,000. Institutional investors own 45.15% of the company’s stock.

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.