Eskay Mining (CVE:ESK) Trading 31% Higher – Here’s Why

Eskay Mining Corp. (CVE:ESK)’s stock price shot up 31% on Monday . The stock traded as high as C$0.48 and last traded at C$0.38. 497,177 shares traded hands during trading, an increase of 126% from the average session volume of 220,068 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

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

Eskay Mining Trading Up 58.6%

The firm’s fifty day moving average is C$0.26 and its 200 day moving average is C$0.33. The company has a market cap of C$85.82 million, a PE ratio of -46.00 and a beta of 2.26.

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.