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Eskay Mining shares jumped 31%–62% on heavy trading, surging to C$0.48, despite no official news.
Eskay Mining (CVE:ESK) shares surged between 31% and 62% on Monday, reaching a intraday high of C$0.48 and closing between C$0.38 and C$0.47, up from C$0.29 the prior day, driven by trading volume 126% to 176% above average.
The stock, which holds a 100% interest in the ESKAY-Corey property in British Columbia, now trades above its 50-day (C$0.26) and 200-day (C$0.33) moving averages and near its one-year high of C$0.54.
Despite no official news—such as drill results or financial updates—analysts maintain a “Buy” rating with a target of C$1.21.
The company, based in Toronto with a market cap of C$85.8 million and a beta of 2.26, exhibits high volatility, and rapid gains in junior mining stocks may carry risk of sharp reversals.
Las acciones de Eskay Mining saltaron 31%62% en una fuerte negociación, subiendo a C$0.48, a pesar de que no hay noticias oficiales.