Shares of Skyharbour Resources (TSX-V: SYH) are continuing to test the upper trend of a long-standing pennant pattern this week. As the penultimate closing date of the pattern fast approaches, $SYH.V has provided an update on drilling progress at its joint East Preston uranium project with Azincourt Energy.
Drilling at the East Preston Project commenced on January 24th, and to date, 1,334 meters has been completed in 6 drill holes. After some initial startup delays due to the extreme cold weather, two drill rigs are now operational on the project.
This update has been given at the perfect time to incentivize trading, as a critical date approaches for shares of $SYH based on the technicals. With any luck, there will be some highly positive news withing the next 2-3 weeks to drive a break above the pennant pattern and push $SYH prices into a bullish trend.
$SYH.V is currently valued at a market cap of &72.57 million and is trading at a price of $.55.
https://ceo.ca/@nasdaq/azincourt-energy-provides-update-on-drilling-progress