Eskay Mining (CVE:ESK) Shares Down 20% – Time to Sell?

Eskay Mining Corp. (CVE:ESK) shares were down 20% during trading on Tuesday . The stock traded as low as C$0.18 and last traded at C$0.22. Approximately 764,242 shares traded hands during trading, an increase of 1,107% from the average daily 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 target price on shares of Eskay Mining and gave the stock a “buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Eskay Mining presently has a consensus rating of “Buy” and a consensus price target of C$1.21.

Eskay Mining Stock Down 20.0%

The business has a 50-day simple moving average of C$0.32 and a 200-day simple moving average of C$0.34. The stock has a market cap of C$41.04 million, a P/E ratio of -22.00 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.