K2 Gold (CVE:KTO) Reaches New 1-Year High - What's Next?

Key Points

• K2 Gold reached a new 52-week high, trading at C$0.46 with a last price of C$0.44 and a volume of 495,890 shares.
• The company has a market capitalization of C$71.31 million and a P/E ratio of -44.50, indicating it is currently operating at a loss.
• K2 Gold is primarily a junior mineral exploration company focused on gold and silver projects in Canada and the United States, with its flagship property being the Mojave Gold project in California.

K2 Gold Co. (CVE:KTO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$0.46 and last traded at C$0.44, with a volume of 495890 shares traded. The stock had previously closed at C$0.42.

K2 Gold Price Performance

The business's 50 day simple moving average is C$0.36 and its 200 day simple moving average is C$0.31. The stock has a market cap of C$71.31 million, a P/E ratio of -44.50 and a beta of -0.57.

K2 Gold Company Profile

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.