Eskay Mining (CVE:ESK) Shares Up 58.6% – Should You Buy?

Eskay Mining Corp. (CVE:ESK) shares rose 58.6% during trading on Tuesday . The stock traded as high as C$0.48 and last traded at C$0.46. Approximately 830,858 shares traded hands during trading, an increase of 175% from the average daily volume of 302,054 shares. The stock had previously closed at C$0.29.

Analyst Upgrades and Downgrades

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

Eskay Mining Stock Performance

The firm’s 50-day simple moving average is C$0.27 and its 200 day simple moving average is C$0.33. The company has a market cap of C$108.21 million, a P/E ratio of -58.00 and a beta of 2.26.

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.