K2 Gold (CVE:KTO) Trading 18.2% Higher – Still a Buy?

K2 Gold Co. (CVE:KTOGet Free Report)’s share price traded up 18.2% during trading on Wednesday . The stock traded as high as C$0.52 and last traded at C$0.52. 485,421 shares changed hands during trading, an increase of 128% from the average session volume of 213,329 shares. The stock had previously closed at C$0.44.

K2 Gold Stock Up 18.2%

The firm has a 50 day moving average price of C$0.38 and a 200 day moving average price of C$0.33. The stock has a market cap of C$83.33 million, a P/E ratio of -52.00 and a beta of -0.90.

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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