K2 Gold (CVE:KTO) Hits New 12-Month High – What’s Next?

K2 Gold Co. (CVE:KTOGet Free Report)’s share price reached a new 52-week high on Friday . The stock traded as high as C$0.87 and last traded at C$0.87, with a volume of 184422 shares. The stock had previously closed at C$0.84.

K2 Gold Stock Performance

The business has a 50-day moving average of C$0.77 and a 200 day moving average of C$0.56. The stock has a market cap of C$201.53 million, a PE ratio of -86.00 and a beta of 0.51.

About K2 Gold

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K2 Gold Corporation, a junior mineral exploration company, acquires, explores for, and evaluates gold exploration projects in Canada and the United States. It also explores for silver metal. The company's flagship property is the Mojave Gold project that covers an area of approximately 5,780 hectares located in California. The company was formerly known as West Melville Metals Inc and changed its name to K2 Gold Corporation in November 2016. K2 Gold Corporation was incorporated in 2011 and is headquartered in Vancouver, Canada.

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