Eskay Mining (CVE:ESK) Shares Up 58.6% – Still a Buy?

Eskay Mining Corp. (CVE:ESK) shares traded up 58.6% on Monday . The stock traded as high as C$0.48 and last traded at C$0.46. 733,716 shares were traded during trading, an increase of 157% from the average session volume of 285,414 shares. The stock had previously closed at C$0.29.

Wall Street Analysts Forecast Growth

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

Eskay Mining Stock Performance

The business’s fifty day moving average price is C$0.26 and its two-hundred day moving average price is C$0.33. The stock has a market capitalization 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.