Skeena Resources ( (TSE:SKE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Skeena Resources’ stock has been on the rise following the closure of a significant C$143.8 million financing deal aimed at advancing its Eskay Creek project. This move has bolstered investor confidence, despite the company’s current lack of revenue and substantial losses. Analysts have rated the stock as a Buy, citing strong technical momentum and promising corporate developments. While the stock is considered high-risk, the strategic initiatives in project advancement and financing present potential for long-term value.
More about Skeena Resources
YTD Price Performance: 80.87%
Average Trading Volume: 455,532
Technical Sentiment Signal: Buy
Current Market Cap: C$2.91B
For further insights into SKE stock on TipRanks’ Stock Analysis page.
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