Eskay Mining (CVE:ESK) Trading Down 20% – Here’s What Happened

Shares of Eskay Mining Corp. (CVE:ESK) dropped 20% during trading on Wednesday . 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 price target on Eskay Mining and gave the company a “buy” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$1.21.

Eskay Mining Trading 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 business has a 50 day moving average price of C$0.32 and a 200-day moving average price 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.