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Eskay Mining shares fell 20% to C$0.22 amid surge in trading volume, with no stated reason.
Eskay Mining (CVE:ESK) shares dropped 20% on Tuesday, closing at C$0.22 after reaching a low of C$0.18, with trading volume surging to about 764,000 shares—over 1,100% above average.
The decline followed a previous close of C$0.28.
The company, focused on mineral exploration in British Columbia, owns the ESKAY-Corey property and has a market cap of C$41.04 million.
Despite the drop, analysts maintain a “Buy” consensus rating with an average price target of C$1.21.
The stock has a negative P/E ratio of -22.00 and a beta of 1.60, indicating higher volatility.
No specific cause for the decline was cited.
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Las acciones de Eskay Mining cayeron un 20% a C $ 0.22 en medio de un aumento en el volumen de negociación, sin ninguna razón indicada.