Eskay Mining (CVE:ESK) Trading Down 20% – What’s Next?

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

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.21 price target on Eskay Mining and gave the stock a “buy” rating in a research note on Tuesday, October 28th. 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 price target of C$1.21.

Eskay Mining Stock Up 6.8%

The company has a market cap of C$43.84 million, a P/E ratio of -23.50 and a beta of 1.60. The firm has a 50 day moving average of C$0.32 and a 200-day moving average of C$0.34.

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.