Eskay Mining (CVE:ESK) Stock Price Down 7.7% – Time to Sell?

Eskay Mining Corp. (CVE:ESK)’s share price was down 7.7% during mid-day trading on Thursday . The company traded as low as C$0.47 and last traded at C$0.48. Approximately 127,466 shares changed hands during trading, a decline of 45% from the average daily volume of 230,594 shares. The stock had previously closed at C$0.52.

Analyst Upgrades and Downgrades

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

Eskay Mining Stock Performance

The stock has a market cap of C$89.55 million, a PE ratio of -48.00 and a beta of 3.93. The company’s 50-day moving average price is C$0.45 and its 200 day moving average price is C$0.36.

Eskay Mining Company Profile

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.