K2 Gold (CVE:KTO) Shares Up 1.4% – Here’s What Happened

K2 Gold Co. (CVE:KTO) traded up 1.4% on Tuesday . The stock 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.

Wall Street Analysts Forecast Growth

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

K2 Gold Stock Performance

The company’s 50 day moving average is C$0.76 and its 200 day moving average is C$0.76. The stock has a market capitalization of C$179.26 million, a price-to-earnings ratio of -18.50 and a beta of 1.47.

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.