Eskay Mining (CVE:ESK) Shares Up 51.7% – Here’s What Happened

Eskay Mining Corp. (CVE:ESK) shares were up 51.7% on Monday . The company traded as high as C$0.48 and last traded at C$0.44. Approximately 699,129 shares traded hands during mid-day trading, an increase of 148% from the average daily volume of 281,864 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

Separately, Fundamental Research set a C$1.21 price target on shares of Eskay Mining and gave the stock a “buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$1.21.

Eskay Mining Stock Up 58.6%

The business’s 50 day simple moving average is C$0.26 and its two-hundred day simple moving average is C$0.33. The stock has a market cap of C$85.82 million, a P/E ratio of -46.00 and a beta of 2.26.

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.