Eskay Mining (CVE:ESK) Stock Price Down 20% – Should You Sell?

Eskay Mining Corp. (CVE:ESK)’s share price traded down 20% during trading on Wednesday . The stock traded as low as C$0.18 and last traded at C$0.22. 764,242 shares traded hands during mid-day 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 objective on shares of Eskay Mining and gave the stock a “buy” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$1.21.

Eskay Mining Stock Up 2.1%

The firm has a 50-day simple moving average of C$0.31 and a 200 day simple moving average of C$0.34. The company has a market cap of C$45.71 million, a price-to-earnings ratio of -24.50 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.