Financial Metrics Exploration: Understanding Skeena Resources Ltd (SKE) Through Ratios

Kevin Freeman

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

The closing price of Skeena Resources Ltd (NYSE: SKE) was $18.75 for the day, up 3.82% from the previous closing price of $18.06. In other words, the price has increased by $3.82 from its previous closing price. On the day, 0.83 million shares were traded. SKE stock price reached its highest trading level at $18.8499 during the session, while it also had its lowest trading level at $18.0641.

Ratios:

Our analysis of SKE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 1.75. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.32.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SKE now has a Market Capitalization of 2156920320 and an Enterprise Value of 2090786432.

Stock Price History:

The Beta on a monthly basis for SKE is 1.37, which has changed by 1.2163122 over the last 52 weeks, in comparison to a change of 0.1529237 over the same period for the S&P500. Over the past 52 weeks, SKE has reached a high of $19.33, while it has fallen to a 52-week low of $7.32. The 50-Day Moving Average of the stock is 14.56%, while the 200-Day Moving Average is calculated to be 47.53%.

Shares Statistics:

SKE traded an average of 514.56K shares per day over the past three months and 926640 shares per day over the past ten days. A total of 114.94M shares are outstanding, with a floating share count of 89.82M. Insiders hold about 21.92% of the company’s shares, while institutions hold 57.05% stake in the company. Shares short for SKE as of 1757894400 were 2384245 with a Short Ratio of 4.63, compared to 1755216000 on 2871077.

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