Eskay Mining (CVE:ESK) Shares Up 1.8% – What’s Next?

Eskay Mining Corp. (CVE:ESK)’s stock price rose 1.8% during trading on Tuesday . The company traded as high as C$0.60 and last traded at C$0.56. Approximately 90,727 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 237,079 shares. The stock had previously closed at C$0.55.

Wall Street Analysts Forecast Growth

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

Eskay Mining Stock Performance

The company has a market cap of C$104.48 million, a P/E ratio of -56.00 and a beta of 3.93. The business’s fifty day moving average is C$0.44 and its two-hundred day moving average is C$0.36.

About Eskay Mining

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.