Eskay Mining (CVE:ESK) Trading 44.8% Higher – Still a Buy?

Eskay Mining Corp. (CVE:ESK) shares were up 44.8% on Monday . The company traded as high as C$0.48 and last traded at C$0.42. Approximately 606,827 shares were traded during mid-day trading, an increase of 127% from the average daily volume of 267,549 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 stock a “buy” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Eskay Mining presently has a consensus rating of “Buy” and a consensus target price of C$1.21.

Eskay Mining Trading Up 58.6%

The company’s 50 day simple moving average is C$0.26 and its 200-day simple moving average is C$0.33. The firm has a market cap of C$85.82 million, a P/E 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.