K2 Gold (CVE:KTO) Trading Up 9.1% – Here’s Why

K2 Gold Co. (CVE:KTOGet Free Report) traded up 9.1% during trading on Thursday . The company traded as high as C$0.12 and last traded at C$0.12. 38,626 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 70,150 shares. The stock had previously closed at C$0.11.

K2 Gold Stock Up 9.1 %

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 company has a 50 day simple moving average of C$0.11 and a two-hundred day simple moving average of C$0.10. The firm has a market capitalization of C$14.16 million, a P/E ratio of -12.00 and a beta of 0.84.

K2 Gold Company Profile

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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.

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