Eskay Mining (CVE:ESK) Trading Up 44.8% – Here’s What Happened

Shares of Eskay Mining Corp. (CVE:ESK) shot up 44.8% during mid-day trading on Monday . The stock traded as high as C$0.48 and last traded at C$0.42. 596,327 shares changed hands during mid-day trading, an increase of 123% from the average session volume of 267,549 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

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

Eskay Mining Price Performance

The firm has a market capitalization of C$85.82 million, a PE ratio of -46.00 and a beta of 2.26. The business has a 50-day simple moving average of C$0.26 and a 200-day simple moving average of C$0.33.

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.