Shares of K2 Gold Co. (CVE:KTO – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$0.92 and last traded at C$0.92, with a volume of 401125 shares changing hands. The stock had previously closed at C$0.85.
K2 Gold Trading Up 8.2%
The firm’s fifty day simple moving average is C$0.76 and its 200-day simple moving average is C$0.76. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.32 and a current ratio of 24.54. The stock has a market cap of C$242.28 million, a P/E ratio of -23.00 and a beta of 1.61.
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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