Eskay Mining (CVE:ESK) Shares Down 7.5% – Here’s Why

Eskay Mining Corp. (CVE:ESK) dropped 7.5% during mid-day trading on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.43. Approximately 108,480 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 205,685 shares. The stock had previously closed at C$0.47.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.27 price target on Eskay Mining and gave the stock a “buy” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$1.27.

Eskay Mining Price Performance

The stock has a fifty day moving average of C$0.51 and a 200 day moving average of C$0.37. The stock has a market cap of C$75.56 million, a price-to-earnings ratio of -40.50 and a beta of 1.78.

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.