K2 Gold (CVE:KTO) Shares Up 1.3% – What’s Next?

K2 Gold Co. (CVE:KTO) was up 1.3% during mid-day trading on Tuesday . The stock traded as high as C$0.77 and last traded at C$0.76. Approximately 165,500 shares were traded during trading, a decline of 45% from the average daily volume of 298,713 shares. The stock had previously closed at C$0.75.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets set a C$2.25 target price on shares of K2 Gold and gave the company a “speculative buy” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$2.25.

K2 Gold Price Performance

The stock has a market cap of C$184.10 million, a price-to-earnings ratio of -19.00 and a beta of 1.04. The business’s 50-day simple moving average is C$0.76 and its two-hundred day simple moving average is C$0.73.

About K2 Gold

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.