SYH.v continues to chart bullish trajectory. Following a very successful round of funding leading to gross proceeds of $3.5 million, shares of Skyharbour Resources (TSXV: SYH) have rebounded from the 50MA and entered into a bullish trajectory.
SYH.v shares are up over 11% today, testing resistance at $.475. Since shares hit yearly lows in June, they have now recovered 60%. As SYH.v shares continue to chart a bullish path, it will be worth keeping an eye out for a retest of the 50MA for support as they head into a retest of resistance at $.58.
The company’s recently raised capital will be used to facilitate exploration expenses at the East Preston Uranium Project this Fall/Winter. The last drill campaign at East Preston yielded highly promising results that the company will use to further target the areas of highest uranium enrichment at the property.
$SYH.v is currently trading at $.48, valued at $63.39 million.