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Eskay Mining shares fell 20% to C$0.22 on heavy volume, despite a "Buy" analyst consensus.
Eskay Mining (CVE:ESK) shares dropped 20% on Wednesday, closing at C$0.22 amid a surge in trading volume to 764,242 shares, up 1,107% from average levels.
The company, focused on mineral exploration in British Columbia, owns the ESKAY-Corey property and has a market cap of C$45.71 million.
Despite the decline, analysts maintain a consensus "Buy" rating with a target price of C$1.21.
The stock's negative P/E ratio and high beta indicate volatility, though the cause of the drop is not specified.
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Las acciones de Eskay Mining cayeron un 20% a C $ 0.22 en volumen pesado, a pesar de un consenso de analistas de "comprar".