Eskay Mining (CVE:ESK) Shares Down 5.6% – Here’s What Happened

Eskay Mining Corp. (CVE:ESK) fell 5.6% during mid-day trading on Wednesday . The stock traded as low as C$0.34 and last traded at C$0.34. 87,700 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 135,873 shares. The stock had previously closed at C$0.36.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$1.27 target price on Eskay Mining and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$1.27.

Eskay Mining Stock Performance

The company’s 50 day moving average price is C$0.41 and its 200 day moving average price is C$0.43. The company has a market cap of C$72.70 million, a price-to-earnings ratio of -37.50 and a beta of 2.07.

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.