Skyharbour Resources Ltd (OTCMKTS:SYHBF) Stock Extends Rally: Soars 17% In a Week

If you are currently on the lookout for stocks which have performed strongly over the course of the past few days then it may be a good time to take a look at the Skyharbour Resources Ltd (OTCMKTS:SYHBF) stock.

Market Stats

On Wednesday, SYHBF stock surged 6.80% to $0.3966 with more than 85k shares, compared to its average volume of 213K shares. The stock has moved within a range of $0.3623 – 0.3970 after opening trading at $0.3970.

Azincourt Energy Provides Update on Upcoming Drill Program at East Preston Uranium Project, Saskatchewan

The stock was back in focus yesterday after the company announced the preparations that it had made for the winter so as to allow access for the winter exploration programme for 2022 have started already at the East Preston uranium project. The announcement came as a source of significant optimism for investors and the stock ended up with gains of as much as 7% on Wednesday as a consequence.

However, in this context, it is also necessary to note that the Skyharbour Resources has performed strongly for the past week and has clocked gains of as much as 17% during that period. The announcement yesterday was a significant one from the company since Skyharbour Resources has made major preparations so that the winter access road could be operational during the winter. It now remains to be seen if the stock can continue to hold on to its momentum in the coming days and add to its gains.

Traders Corner

SYHBF stock is trading above the 20-Day and 50-Day Moving averages of $0.43 and $0.52 respectively. The stock is trading in neutral zone with the RSI at 40.  The stock is down 36% in the past month.