K2 Gold Co. (CVE:KTO – Get Free Report)’s share price shot up 10.1% on Tuesday. The stock traded as high as C$0.80 and last traded at C$0.76. Approximately 439,185 shares were traded during trading, an increase of 70% from the average session volume of 258,188 shares. The stock had previously closed at C$0.69.
K2 Gold Price Performance
The stock has a market cap of C$208.04 million, a P/E ratio of -19.75 and a beta of 1.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 24.54 and a quick ratio of 2.32. The company’s 50 day simple moving average is C$0.83 and its 200 day simple moving average is C$0.78.
K2 Gold Company Profile
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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