K9 Gold (CVE:KNC) Stock Price Up 18.2% – Still a Buy?

Shares of K9 Gold Corp. (CVE:KNC) rose 18.2% during mid-day trading on Monday . The company traded as high as C$0.15 and last traded at C$0.13. Approximately 110,500 shares changed hands during mid-day trading, an increase of 429% from the average daily volume of 20,893 shares. The stock had previously closed at C$0.11.

K9 Gold Trading Up 9.1 %

The stock has a market cap of C$1.08 million, a PE ratio of -0.50 and a beta of 0.47. The company’s 50 day moving average is C$0.11 and its 200-day moving average is C$0.09.

K9 Gold Company Profile

K9 Gold Corp. engages in the identification, acquisition, and exploration of mineral interests in Canada and the United States. It explores for gold, vanadium, lithium, and uranium deposits. The company holds interests in the Stony Lake East Gold project that includes 8 mineral licenses covering an area of 13,625 hectares located in the province of Newfoundland and Labrador; the Desert Eagle project, which comprises 97 lode claims covering an area of 2,004 acres situated in Garfield County, Utah; and the James Bay lithium project located in the La Grande sub-province in Quebec.