Over the course of the past month, the Eskay Mining Corp (OTCMKTS:ESKYF) stock has been in the middle of a steady rally and has managed to clock gains of as much as 8% over that period.
Trading Data
On Friday, ESKYF stock moved up 1.29% to $2.36 with 53.49K share, compared to its average volume of 68.39K shares. The stock moved within a range of $2.3200 – 2.3660 after opening trade at $2.36.
Eskay Mining Receives Long High-Grade Assay Results from TV
There has actually been no news about the company in the past month but in this situation it may be a good idea for investors to possibly take a look at a key development from back on January 19, 2022. On that day, the company announced the third stage of assay results from the diamond drilling programme metal rich volcanogenic massive sulphide project in the summer of 2021.
The project in question is owned in its entirety by Eskay. The company’s technical advisor and director Quinton Hennigh noted that the third tranche assay results at the site displayed ‘impressive’ length and grades.
It was a major announcement from the company and one that could have led to a degree of optimism among investors. At this point in time, it may be a good idea for investors to possibly keep an eye on the news with regards to Eskay Mining and watch for further triggers for the stock.
Technical Data
ESKYF stock is trading above the 20-Day and 50-Day Moving averages of $2.31 and $2.22 respectively. Moreover, the stock is trading above the 200-Day moving average of $2.03.
