K2 Gold (CVE:KTO) Shares Up 1.3% – Still a Buy?

K2 Gold Co. (CVE:KTO) shares shot up 1.3% on Tuesday . The company traded as high as C$0.77 and last traded at C$0.76. 165,500 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 298,713 shares. The stock had previously closed at C$0.75.

Analyst Ratings Changes

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

K2 Gold Price Performance

The business’s 50 day moving average price is C$0.76 and its 200-day moving average price is C$0.74. The firm has a market capitalization of C$174.41 million, a price-to-earnings ratio of -18.00 and a beta of 1.04.

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.