Eskay Mining (CVE:ESK) Stock Price Down 7.5% – What’s Next?

Shares of Eskay Mining Corp. (CVE:ESK) traded down 7.5% on Wednesday . The stock traded as low as C$0.42 and last traded at C$0.43. 108,480 shares changed hands during trading, a decline of 47% from the average session volume of 205,685 shares. The stock had previously closed at C$0.47.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.27 price target on shares of Eskay Mining and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$1.27.

Eskay Mining Trading Down 12.9%

The company has a market cap of C$75.56 million, a P/E ratio of -40.50 and a beta of 1.78. The business’s 50 day simple moving average is C$0.51 and its 200 day simple moving average is C$0.37.

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.