Coverage Initiated on Canadian Uranium Junior with ‘Aggressive Exploration Drill Program’ Research Report

TICKERS: SYH; SA

A Red Cloud Securities report calls Skyharbour Resources "one of the more established junior uranium exploration companies." In a May 13 research note, analyst David Talbot reported that Red Cloud Securities initiated coverage on Skyharbour Resources Ltd. (SYH:TSX.V; SA:NYSE.MKT) , "a maverick in basement exploration," with a Speculative Buy rating and a CA$0.95 per share target price. The stock’s current share price is about CA$0.51 per share.

Talbot described the Vancouver-based uranium explorer and what makes it an attractive investment opportunity.

Skyharbour owns 100% of the Moore uranium project, on which it is currently focusing its efforts, but it also owns 100% of the Hook Lake, South Falcon Point and Mann Lake properties, along with 15% of the Preston project, Talbot noted. Recent drilling at Preston by the option partner showed anomalous uranium intercepts and indicator minerals."While Skyharbour does have a pipeline of projects and considers itself a project […]

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