K2 Gold (CVE:KTO) Hits New 1-Year High - Here's Why

Key Points

• 52-week high: K2 Gold's shares hit a new 52-week high of C$0.88 (last traded C$0.88), rising about 8.6% from the prior close of C$0.81 on volume of 455,765 shares.
• Key metrics: The company has a market cap of C$206.22 million, a negative P/E of -88.00, a beta of 1.06, and 50-/200-day moving averages of C$0.76 and C$0.65 respectively.
• Business overview: K2 Gold is a junior mineral explorer focused on gold (and some silver) projects, with its flagship Mojave Gold project covering about 5,780 hectares in California.

K2 Gold Co. (CVE:KTO - )'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.88 and last traded at C$0.88, with a volume of 455765 shares trading hands. The stock had previously closed at C$0.81.

K2 Gold Stock Up 8.6%

The firm has a market cap of C$206.22 million, a price-to-earnings ratio of -88.00 and a beta of 1.06. The company's 50-day moving average price is C$0.76 and its 200-day moving average price 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.

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