Additionally, the 36-month beta value for SKE is 1.62.
The public float for SKE is 78.15M and currently, short sellers hold a 3.23% ratio of that float. The average trading volume of SKE on June 26, 2024 was 261.43K shares.
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SKE) stock’s latest price update
The stock price of Skeena Resources Ltd (NYSE: SKE) has dropped by -4.20 compared to previous close of 4.29. Despite this, the company has seen a fall of -14.20% in its stock price over the last five trading days. accesswire.com reported 2024-06-26 that VANCOUVER, BC / ACCESSWIRE / June 26, 2024 / Skeena Resources Limited (TSX:SKE)(NYSE:SKE) (“Skeena” or the “Company”) is pleased to announce that it has secured a financing package totaling US$750 million (equivalent to over C$1 billion) with Orion Resource Partners for the development of the Eskay Creek Gold-Silver Project (“Eskay” or the “Project”), as per the Company’s news release dated June 25, 2024. Today, the Company will be hosting a webcast to provide investors and stakeholders with a comprehensive understanding of this development and the strategic rationale behind this deal.
SKE’s Market Performance
SKE’s stock has fallen by -14.20% in the past week, with a monthly drop of -9.27% and a quarterly drop of -3.07%. The volatility ratio for the week is 5.61% while the volatility levels for the last 30 days are 5.03% for Skeena Resources Ltd The simple moving average for the past 20 days is -8.93% for SKE’s stock, with a -6.72% simple moving average for the past 200 days.
SKE Trading at -12.68% from the 50-Day Moving Average
After a stumble in the market that brought SKE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.40% of loss for the given period.
Volatility was left at 5.03%, however, over the last 30 days, the volatility rate increased by 5.61%, as shares sank -7.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.10% lower at present.
During the last 5 trading sessions, SKE fell by -14.07%, which changed the moving average for the period of 200-days by -9.34% in comparison to the 20-day moving average, which settled at $4.50. In addition, Skeena Resources Ltd saw -15.78% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SKE
The total capital return value is set at -0.86. Equity return is now at value -106.47, with -75.31 for asset returns.
Based on Skeena Resources Ltd (SKE), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -3.81. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is -242.86.
Currently, EBITDA for the company is -113.3 million with net debt to EBITDA at 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.11.
Conclusion
In conclusion, Skeena Resources Ltd (SKE) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
