Eskay Mining (CVE:ESK) Stock Price Down 7.7% – Here’s What Happened

Eskay Mining Corp. (CVE:ESK)’s stock price traded down 7.7% during trading on Thursday . The company traded as low as C$0.47 and last traded at C$0.48. 127,466 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 230,594 shares. The stock had previously closed at C$0.52.

Wall Street Analysts Forecast Growth

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

Eskay Mining Trading Down 7.7%

The firm’s fifty day simple moving average is C$0.44 and its 200 day simple moving average is C$0.36. The company has a market cap of C$89.55 million, a price-to-earnings ratio of -48.00 and a beta of 3.93.

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.