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

Eskay Mining Corp. (CVE:ESK) fell 20% during trading on Tuesday . The stock traded as low as C$0.18 and last traded at C$0.22. 764,242 shares were traded during mid-day trading, an increase of 1,107% from the average session volume of 63,316 shares. The stock had previously closed at C$0.28.

Wall Street Analyst Weigh In

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

Eskay Mining Stock Down 20.0%

The firm has a market cap of C$41.04 million, a price-to-earnings ratio of -22.00 and a beta of 1.60. The stock’s 50 day moving average is C$0.32 and its 200 day 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.