Eskay Mining (CVE:ESK) Trading 58.6% Higher – Here’s Why

Eskay Mining Corp. (CVE:ESK)’s share price was up 58.6% during trading on Tuesday . The company traded as high as C$0.48 and last traded at C$0.46. Approximately 830,858 shares traded hands during mid-day trading, an increase of 175% from the average daily volume of 302,054 shares. The stock had previously closed at C$0.29.

Analyst Upgrades and Downgrades

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

Eskay Mining Stock Performance

The stock has a market capitalization of C$108.21 million, a price-to-earnings ratio of -58.00 and a beta of 2.26. The business’s 50 day simple moving average is C$0.27 and its 200-day simple moving average is C$0.33.

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.