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

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

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 report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$1.21.

Eskay Mining Price Performance

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

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.