Eskay Mining (CVE:ESK) Trading Up 62.1% – Time to Buy?

Eskay Mining Corp. (CVE:ESK) shares rose 62.1% on Monday . The stock traded as high as C$0.48 and last traded at C$0.47. Approximately 820,693 shares traded hands during mid-day trading, an increase of 176% from the average daily volume of 297,264 shares. The stock had previously closed at C$0.29.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$1.21 target price 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, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$1.21.

Eskay Mining Stock Performance

The firm has a market capitalization of C$85.82 million, a P/E ratio of -46.00 and a beta of 2.26. The business has a fifty day moving average of C$0.26 and a 200-day moving average of C$0.33.

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.