Eskay Mining (CVE:ESK) Shares Up 58.6% – Here’s Why

Eskay Mining Corp. (CVE:ESK) shares shot up 58.6% during mid-day trading on Tuesday . The company traded as high as C$0.48 and last traded at C$0.46. 830,858 shares changed hands during trading, an increase of 175% from the average session volume of 302,054 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

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

Eskay Mining Price Performance

The firm has a market capitalization of C$108.21 million, a PE ratio of -58.00 and a beta of 2.26. The company’s 50-day simple moving average is C$0.27 and its 200 day simple moving average is C$0.33.

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.