SYH.v shows promising price action ahead of drilling. As Skyharbour Resources (TSXV: SYH) heads into planned drilling at the East Preston Uranium Project this fall, share price is showing promising signs of recovery.
On the current rebound from bi-yearly lows, SP has made a cross above the 50MA and is currently up 36%. The last time shares recovered from this price ($.32), prices rallied a total of around 150%, hitting closing highs of $.81.
With the planned Fall/Winter drill campaign at East Preston aiming to further define uranium enrichment zones identified in the company’s last drill campaign, I’m expecting to see very promising results that will drive SP up into the $.7 range again.
SYH.v is currently trading at $.405, valued at $55.36 million.
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