K2 Gold (CVE:KTO) Hits New 12-Month High – Still a Buy?
by Scott Moore · The Cerbat GemK2 Gold Co. (CVE:KTO – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$0.88 and last traded at C$0.88, with a volume of 455765 shares traded. The stock had previously closed at C$0.81.
K2 Gold Stock Performance
The company has a market cap of C$206.22 million, a PE ratio of -88.00 and a beta of 1.06. The firm’s 50 day moving average is C$0.76 and its 200-day moving average is C$0.65.
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.