Eskay Mining (CVE:ESK) Trading 10.2% Higher – Here’s What Happened

Shares of Eskay Mining Corp. (CVE:ESK) shot up 10.2% during mid-day trading on Monday . The company traded as high as C$0.28 and last traded at C$0.27. 81,900 shares were traded during mid-day trading, an increase of 38% from the average session volume of 59,433 shares. The stock had previously closed at C$0.25.

Wall Street Analysts Forecast Growth

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

Eskay Mining Trading Up 12.2%

The company has a market cap of C$51.31 million, a P/E ratio of -27.50 and a beta of 1.60. The business’s 50 day simple moving average is C$0.32 and its 200 day simple moving average is C$0.34.

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.