Eskay Mining (CVE:ESK) Stock Price Down 5.6% – Should You Sell?

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

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$1.27 target price on shares of Eskay Mining and gave the stock a “buy” rating in a report on Tuesday, March 3rd. One 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 a consensus target price of C$1.27.

Eskay Mining Price Performance

The company has a 50-day simple moving average of C$0.41 and a two-hundred day simple moving average of C$0.43. The stock has a market capitalization of C$65.91 million, a price-to-earnings ratio of -34.00 and a beta of 2.07.

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.