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

Eskay Mining Corp. (CVE:ESK) fell 20% on Tuesday . The company traded as low as C$0.18 and last traded at C$0.22. 764,242 shares changed hands 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.

Analyst Ratings Changes

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

Eskay Mining Stock Performance

The company has a market capitalization of C$41.04 million, a P/E ratio of -22.00 and a beta of 1.60. The business’s fifty day simple moving average is C$0.32 and its 200-day simple moving average is 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.