Eskay Mining (CVE:ESK) Sets New 52-Week High – Should You Buy?

Eskay Mining Corp. (CVE:ESK) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.60 and last traded at C$0.58, with a volume of 634008 shares traded. The stock had previously closed at C$0.53.

Analyst Ratings Changes

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

Eskay Mining Price Performance

The company has a market cap of C$102.61 million, a PE ratio of -55.00 and a beta of 2.26. The stock has a fifty day moving average price of C$0.29 and a 200-day moving average price of 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. and changed its name to Eskay Mining Corp. in November 2009. The company was founded in 1980 and is headquartered in Toronto, Canada.