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

Shares of Eskay Mining Corp. (CVE:ESK) traded down 20% 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.

Wall Street Analyst Weigh In

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

Eskay Mining Trading Up 6.8%

The stock’s 50-day simple moving average is C$0.32 and its 200-day simple moving average is C$0.34. The stock has a market cap of C$43.84 million, a price-to-earnings ratio of -23.50 and a beta of 1.60.

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.