Eskay Mining (CVE:ESK) Trading 34.5% Higher – Here’s What Happened

Shares of Eskay Mining Corp. (CVE:ESK) traded up 34.5% during trading on Monday . The company traded as high as C$0.48 and last traded at C$0.39. 532,677 shares were traded during trading, an increase of 140% from the average session volume of 221,639 shares. The stock had previously closed at C$0.29.

Wall Street Analysts Forecast Growth

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

Eskay Mining Stock Up 58.6%

The stock’s 50-day moving average price is C$0.26 and its 200 day moving average price is C$0.33. The firm has a market capitalization of C$85.82 million, a price-to-earnings ratio of -46.00 and a beta of 2.26.

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.