Eskay Mining (CVE:ESK) Stock Price Down 6.7% - What's Next?

Key Points

• Eskay Mining Corp. (CVE:ESK) shares fell by 6.7% to C$0.35 during mid-day trading, with a significant increase in trading volume of 171,763 shares.
• The stock has a market capitalization of C$64.51 million and a notably high price-to-earnings ratio of -35.00.
• Eskay Mining is focused on the acquisition and exploration of mineral properties, primarily on its ESKAY-Corey property in British Columbia.

Eskay Mining Corp. (CVE:ESK - ) shares were down 6.7% during mid-day trading on Wednesday . The stock traded as low as C$0.34 and last traded at C$0.35. Approximately 171,763 shares were traded during mid-day trading, an increase of 235% from the average daily volume of 51,217 shares. The stock had previously closed at C$0.38.

Eskay Mining Stock Down 6.7%

The company has a 50 day simple moving average of C$0.37 and a 200-day simple moving average of C$0.33. The stock has a market capitalization of C$64.51 million, a price-to-earnings ratio of -35.00 and a beta of 1.32.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.