Eskay Mining (CVE:ESK) Stock Price Down 20% – Here’s What Happened

Eskay Mining Corp. (CVE:ESK)’s stock price traded down 20% during trading on Wednesday . The company traded as low as C$0.18 and last traded at C$0.22. 764,242 shares were traded during trading, an increase of 1,107% from the average session volume of 63,316 shares. The stock had previously closed at C$0.28.

Analysts Set New Price Targets

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

Eskay Mining Price Performance

The business’s 50-day moving average price is C$0.32 and its 200 day moving average price is C$0.34. The firm has a market capitalization of C$41.98 million, a price-to-earnings ratio of -22.50 and a beta of 1.60.

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.