Eskay Mining (CVE:ESK) Shares Down 20% – Time to Sell?

Eskay Mining Corp. (CVE:ESK) shares traded down 20% during mid-day trading on Wednesday . The stock traded as low as C$0.18 and last traded at C$0.22. 764,242 shares were traded during trading, an increase of 1,107% from the average session volume of 63,316 shares. The stock had previously closed at C$0.28.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Eskay Mining presently has an average rating of “Buy” and an average price target of C$1.21.

Eskay Mining Trading Up 2.1%

The company has a market capitalization of C$45.71 million, a PE ratio of -24.50 and a beta of 1.60. The stock’s 50-day moving average is C$0.31 and its two-hundred day moving average is C$0.34.

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.