Bullboard - Stock Discussion Forum Skeena Resources Ltd T.SKE

Alternate Symbol(s): SKE

Metals & Mining Gold

Skeena Resources Limited is a precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project, a past producing mine located in the Golden Triangle in British Columbia, Canada. Eskay Creek represents one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production. It also owns the past-producing Snip... see more

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TSX:SKE - Post Discussion

Skeena Resources Ltd > unusual volume at closing for SKE as well

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Post by goldhunter11 on Mar 21, 2021 10:13am

unusual volume at closing for SKE as well

Along with FVL, SKE had a surge in volume (8.9Ms at 4pm, total day volume was 10.2Ms on Friday). There must be something going on, re-balancing of accounts, or something else). SKE ended up with almost 4% loss, but thanks to the strong buy at the end of day, the SP gained back some 2.6%.
The volume for FVL was smaller (1.6Ms), and the reason could be something else rather than re-balancing of account, something was leaking? news is due soon. Just speculating.
GH11

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