SYH.v tests May highs as 50MA makes bullish inflection. After making a solid retest of the 50MA, Skyharbour Resources (TSXV: SYH) shares are testing resistance encountered in May at $.475. SYH’s recent rebound has taken shares into a 62% gain so far, and has triggered a bullish inflection in the 50MA. These are solid indicators as the company heads into what is expected to be a very exciting Fall/Winter drill campaign at the East Preston Uranium Project.
2022 drilling confirmed uranium enrichment at East Preston. This next drill program will see Skyharbour and its partner company Azincourt Energy (TSXV: AAZ) further define the areas of highest uranium enrichment at the project.
Hopefully, the data gathered from this program will allow SYH and AAZ to prepare an accurate resource estimate for East Preston.
Additionally, SYH announced last week that it successfully raised $3.5 million via PP. This should see SYH fully funded to continue operations through 2022, and into 2023.
SYH.v is currently trading at $.47, valued at $67.67 million.
https://ceo.ca/@globenewswire/skyharbour-closes-350-million-private-placement-of