Eskay Mining (CVE:ESK) Shares Down 2.2% – What’s Next?

Eskay Mining Corp. (CVE:ESK)’s stock price dropped 2.2% on Wednesday . The company traded as low as C$0.44 and last traded at C$0.44. Approximately 27,165 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 153,239 shares. The stock had previously closed at C$0.45.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.27 price target on shares of Eskay Mining and gave the stock a “buy” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$1.27.

Eskay Mining Trading Down 2.2%

The stock’s fifty day moving average is C$0.42 and its two-hundred day moving average is C$0.40. The company has a market capitalization of C$82.09 million, a PE ratio of -44.00 and a beta of 2.15.

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.