K2 Gold (CVE:KTO) Shares Up 2.7% – Still a Buy?

K2 Gold Co. (CVE:KTO) shares traded up 2.7% on Tuesday . The stock traded as high as C$0.77 and last traded at C$0.75. Approximately 16,526 shares changed hands during trading, a decline of 94% from the average session volume of 278,580 shares. The stock had previously closed at C$0.73.

Analyst Upgrades and Downgrades

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

K2 Gold Stock Performance

The stock has a market capitalization of C$181.68 million, a price-to-earnings ratio of -18.75 and a beta of 1.59. The company has a 50 day moving average of C$0.75 and a 200 day moving average of C$0.76.

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.