K2 Gold (CVE:KTO) Trading 8.3% Higher – What’s Next?

K2 Gold Co. (CVE:KTOGet Free Report) shares shot up 8.3% during trading on Monday . The stock traded as high as C$0.13 and last traded at C$0.13. 22,000 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 41,467 shares. The stock had previously closed at C$0.12.

K2 Gold Stock Performance

The company has a market cap of C$15.34 million, a price-to-earnings ratio of -13.00 and a beta of 0.84. The company has a current ratio of 0.78, a quick ratio of 2.32 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is C$0.12 and its 200 day moving average price is C$0.11.

About K2 Gold

(Get Free Report)

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.

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