K2 Gold (CVE:KTO) Stock Price Up 2.7% – Still a Buy?

K2 Gold Co. (CVE:KTO)’s stock price traded up 2.7% on Tuesday . The stock traded as high as C$0.77 and last traded at C$0.75. Approximately 16,526 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 278,580 shares. The stock had previously closed at C$0.73.

Analyst Ratings Changes

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

K2 Gold Trading Up 2.7%

The firm has a market cap of C$181.68 million, a PE ratio of -18.75 and a beta of 1.59. The business has a fifty day moving average price of C$0.75 and a 200 day moving average price of C$0.76.

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.