Eskay Mining (CVE:ESK) Trading Up 5.9% – Should You Buy?

Eskay Mining Corp. (CVE:ESK) shares shot up 5.9% during trading on Wednesday . The stock traded as high as C$0.27 and last traded at C$0.27. 88,455 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 64,910 shares. The stock had previously closed at C$0.26.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$1.21.

Eskay Mining Stock Up 5.9%

The stock’s 50-day moving average price is C$0.26 and its 200-day moving average price is C$0.34. The company has a market capitalization of C$50.37 million, a price-to-earnings ratio of -27.00 and a beta of 1.83.

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. and changed its name to Eskay Mining Corp. in November 2009. The company was founded in 1980 and is headquartered in Toronto, Canada.