Eskay Mining (CVE:ESK) Trading Down 2.2% – Time to Sell?

Eskay Mining Corp. (CVE:ESK)’s stock price traded down 2.2% on Wednesday . The company traded as low as C$0.44 and last traded at C$0.44. 27,165 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 153,239 shares. The stock had previously closed at C$0.45.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.27 price objective on Eskay Mining and gave the company 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.com, Eskay Mining currently has an average rating of “Buy” and an average target price of C$1.27.

Eskay Mining Stock Performance

The stock has a 50 day moving average of C$0.42 and a 200-day moving average of C$0.40. The firm has a market capitalization of C$82.09 million, a P/E ratio of -44.00 and a beta of 2.15.

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.