Eskay Mining (CVE:ESK) Shares Down 20% – Should You Sell?

Eskay Mining Corp. (CVE:ESK)’s share price dropped 20% on Wednesday . The company traded as low as C$0.18 and last traded at C$0.22. Approximately 764,242 shares were traded during trading, an increase of 1,107% from the average daily volume of 63,316 shares. The stock had previously closed at C$0.28.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.21 price target on shares of Eskay Mining and gave the stock a “buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$1.21.

Eskay Mining Stock Up 2.3%

The firm’s 50 day moving average is C$0.32 and its 200-day moving average is C$0.34. The firm has a market cap of C$41.98 million, a PE ratio of -22.50 and a beta of 1.60.

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.