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Skyharbour Resources
(SYH)
Skyharbour Resources (SYH) vs. iShares MSCI Canada ETF (EWC)
Skyharbour Resources Business Overview & Revenue Model
Skyharbour Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -874.00 | -874.00 | 0.00 | 0.00 | 0.00 | -828.00 | EBIT |
| -2.92M | -4.87M | -2.08M | -4.46M | -2.65M | -1.03M | EBITDA |
| -4.60M | -4.87M | -5.11M | -2.78M | -1.68M | -1.02M | Net Income Common Stockholders |
| -2.17M | -4.81M | -5.11M | -2.78M | -872.03K | -1.48M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 10.40M | 6.65M | 5.44M | 8.16M | 5.63M | 610.93K | Total Assets |
| 41.04M | 33.43M | 24.59M | 23.01M | 16.08M | 11.13M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -9.61M | -5.91M | -3.09M | -4.60M | -3.39M | -610.93K | Total Liabilities |
| 1.90M | 2.17M | 751.19K | 464.91K | 94.79K | 166.98K | Stockholders Equity |
| 39.14M | 31.25M | 23.84M | 22.55M | 15.98M | 10.97M |
| Cash Flow | Free Cash Flow | ||||
| -751.11K | -3.49M | -6.87M | -7.34M | -3.00M | -2.63M | Operating Cash Flow |
| -2.70M | -3.48M | -3.31M | -3.28M | -1.81M | -1.39M | Investing Cash Flow |
| -5.24M | -3.88M | -2.73M | -3.64M | -1.06M | -1.13M | Financing Cash Flow |
| 9.95M | 10.18M | 4.53M | 8.13M | 5.65M | 1.78M |
Skyharbour Resources Technical Analysis
Skyharbour Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
51 Neutral | $2.01B | -1.27 | -21.11% | 5.15% | 2.92% | -30.46% | |
42 Neutral | C$72.58M | ― | -5.97% | ― | ― | 55.15% | |
| $42.00M | ― | -70.88% | ― | ― | ― | ||
56 Neutral | C$79.68M | ― | -122.83% | ― | ― | -370.49% | |
34 Underperform | C$171.94M | ― | -2.11% | ― | ― | -360.00% | |
33 Underperform | C$72.99M | 500.00 | 0.37% | ― | ― | -9.60% | |
32 Underperform | C$71.16M | ― | -213.92% | ― | ― | 29.90% |
Skyharbour Resources Corporate Events
Skyharbour Resources Ltd. has announced that its partner company, Terra Clean Energy, will conduct a summer drill program at the South Falcon East Uranium Project. This initiative aims to explore promising geological features identified in a previous winter program, potentially leading to the discovery of high-grade uranium deposits. The project is strategically located near the Athabasca Basin, a significant area for uranium production, and could significantly impact the company’s operations and market positioning if successful.
Spark’s Take on TSE:SYH Stock
According to Spark, TipRanks’ AI Analyst, TSE:SYH is a Neutral.
Skyharbour Resources is a typical exploration-stage mining company with significant financial challenges due to its lack of revenue and ongoing operational losses. However, its strong equity position and successful financing efforts provide some stability. The technical indicators suggest limited near-term momentum, and valuation metrics reflect the absence of earnings. Recent corporate events indicate potential growth opportunities, which could improve its market positioning.
To see Spark’s full report on TSE:SYH stock, click here.
Skyharbour Resources Ltd. announced that its partner, Terra Clean Energy, completed a successful winter drill program at the South Falcon East Uranium Project, with six out of seven holes showing uranium mineralization. The program confirmed continuity across the deposit and expanded the mineralized footprint, adding significant value to the project. The results, including a notable 0.16% uranium grade in one hole, suggest potential for an open pit mining scenario, especially given the project’s proximity to infrastructure and a rising uranium price environment.
Skyharbour Resources Ltd.’s partner, North Shore Uranium, has signed an exploration agreement with the English River First Nation to collaborate on the Falcon property in Saskatchewan. This agreement aims to enhance North Shore’s exploration activities, which have already identified 36 uranium targets, with a focus on assessing the potential for economic uranium deposits. The partnership with the English River First Nation is expected to foster positive community relations and support North Shore’s strategic exploration efforts in the Athabasca Basin, a region renowned for its uranium resources.
Skyharbour Resources announced that its partner company, Terra Clean Energy, has completed the first three drill holes at the South Falcon East Uranium Project. The initial results show promising mineralization, leading to a strategic shift in the drilling program to further explore a newly identified area of interest, potentially expanding the Fraser Lakes B Uranium Deposit.
Skyharbour Resources’ partner, North Shore Uranium, has provided an update on the Falcon Uranium Project, highlighting the identification of 36 uranium targets associated with electromagnetic conductor anomalies. North Shore has discovered near-surface uranium mineralization at two targets, suggesting a potential new trend of uranium deposits. The focus is on evaluating the economic potential of these targets, particularly in the South Priority Area and South Walker area, which could significantly impact the company’s operations and market positioning.
Skyharbour Resources Ltd. has announced the start of its winter diamond drilling program at the Russell Lake Uranium Project in Saskatchewan, which is 57.7% owned by Skyharbour and 42.3% by Rio Tinto Exploration Canada Inc. The company plans to drill 5,000 meters in 10 to 12 holes as part of a larger 16,000 to 18,000-meter campaign across its co-flagship projects, Russell Lake and Moore, marking its largest annual drill campaign. This initiative aims to explore the potential for high-grade uranium deposits, leveraging low-cost drilling and shallow target depths to enhance its market position in uranium exploration.
Skyharbour Resources announced that its partner, Terra Clean Energy Corp., has commenced mobilization for a significant drill program at the South Falcon East Uranium Project. The program, consisting of up to 2,500 meters of drilling, aims to further explore the potential for high-grade uranium mineralization, building on previous findings of uranium mineralized pegmatites. This development could enhance the project’s value and strengthen Skyharbour’s position in the uranium market.
Skyharbour Resources Ltd. has finalized option and purchase agreements with Hatchet Uranium Corp., allowing Hatchet to potentially acquire significant stakes in several of Skyharbour’s uranium projects in the Athabasca Basin. This agreement involves Hatchet earning an 80% interest in the Highway Uranium Property and a full interest in the Genie, Usam, and CBX/Shoe Uranium Projects, with conditions including cash payments, share issuance, and exploration expenditures totaling CAD $3,345,000. This strategic move is expected to enhance Skyharbour’s financial position and expand Hatchet’s exploration capabilities in a resource-rich region, potentially influencing stakeholders positively through increased project development.