K2 Gold (CVE:KTO) Trading 3.2% Higher – Here’s What Happened

K2 Gold Co. (CVE:KTOGet Free Report) traded up 3.2% during mid-day trading on Wednesday . The company traded as high as C$0.17 and last traded at C$0.16. 102,200 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 114,643 shares. The stock had previously closed at C$0.16.

K2 Gold Trading Up 3.2 %

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 firm has a market capitalization of C$18.88 million, a price-to-earnings ratio of -16.00 and a beta of 0.84. The firm’s 50-day moving average is C$0.13 and its 200 day moving average is C$0.11.

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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