Eskay Mining (CVE:ESK) Stock Price Down 12.7% – Here’s What Happened

Shares of Eskay Mining Corp. (CVE:ESK) dropped 12.7% during mid-day trading on Tuesday . The company traded as low as C$0.23 and last traded at C$0.24. Approximately 417,113 shares were traded during trading, an increase of 576% from the average daily volume of 61,702 shares. The stock had previously closed at C$0.28.

Analysts Set New Price Targets

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

Eskay Mining Price Performance

The firm has a market capitalization of C$41.04 million, a P/E ratio of -22.00 and a beta of 1.60. The firm has a 50-day moving average price of C$0.32 and a two-hundred day moving average price of C$0.34.

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.