Eskay Mining (CVE:ESK) Shares Up 58.6% – Still a Buy?

Shares of Eskay Mining Corp. (CVE:ESK) were up 58.6% during trading on Monday . The company traded as high as C$0.48 and last traded at C$0.46. Approximately 733,716 shares traded hands during trading, an increase of 157% from the average daily volume of 285,414 shares. The stock had previously closed at C$0.29.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.21 price objective on shares of Eskay Mining and gave the company a “buy” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Eskay Mining has an average rating of “Buy” and an average target price of C$1.21.

Eskay Mining Price Performance

The firm has a 50-day moving average of C$0.26 and a 200-day moving average of C$0.33. The stock has a market cap of C$85.82 million, a PE ratio of -46.00 and a beta of 2.26.

Eskay Mining Company Profile

Eskay Mining Corp., a natural resource company, engages in the acquisition and exploration of mineral properties, and precious and base metal deposits in British Columbia, Canada. It holds 100% interests in the ESKAY-Corey property located in northwestern British Columbia. The company was formerly known as Kenrich-Eskay Mining Corp. and changed its name to Eskay Mining Corp. in November 2009. The company was founded in 1980 and is headquartered in Toronto, Canada.