Eskay Mining (CVE:ESK) Stock Price Down 20% – Here’s Why

Shares of Eskay Mining Corp. (CVE:ESK) were down 20% 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 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 Upgrades and Downgrades

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 report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Eskay Mining has a consensus rating of “Buy” and a consensus target price of C$1.21.

Eskay Mining Stock Performance

The firm has a fifty day simple moving average of C$0.32 and a 200 day simple moving average of C$0.34. The company has a market cap of C$43.84 million, a PE 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.