Eskay Mining (CVE:ESK) Trading Up 58.6% – Time to Buy?

Shares of Eskay Mining Corp. (CVE:ESK) traded up 58.6% during trading on Tuesday . The stock traded as high as C$0.48 and last traded at C$0.46. 830,858 shares traded hands during mid-day trading, an increase of 175% from the average session volume of 302,054 shares. The stock had previously closed at C$0.29.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.21 price target 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, the stock currently has an average rating of “Buy” and an average price target of C$1.21.

Eskay Mining Stock Performance

The stock has a 50 day moving average of C$0.27 and a two-hundred day moving average of C$0.33. The firm has a market capitalization of C$108.21 million, a P/E ratio of -58.00 and a beta of 2.26.

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.