K2 Gold (CVE:KTO) Stock Price Up 1.4% – What’s Next?

K2 Gold Co. (CVE:KTO) shot up 1.4% during trading on Tuesday . The company traded as high as C$0.75 and last traded at C$0.74. Approximately 192,612 shares were traded during trading, a decline of 34% from the average daily volume of 293,857 shares. The stock had previously closed at C$0.73.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets set a C$2.25 target price on K2 Gold and gave the stock a “speculative buy” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$2.25.

K2 Gold Stock Up 4.3%

The company’s 50-day moving average is C$0.76 and its two-hundred day moving average is C$0.76. The company has a market capitalization of C$176.83 million, a P/E ratio of -18.25 and a beta of 1.47.

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. 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.