K2 Gold (CVE:KTO) Trading 2.5% Higher – Here’s What Happened

K2 Gold Co. (CVE:KTO) traded up 2.5% during mid-day trading on Monday . The stock traded as high as C$0.83 and last traded at C$0.82. 216,588 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 330,201 shares. The stock had previously closed at C$0.80.

Analyst Upgrades and Downgrades

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

K2 Gold Stock Up 2.4%

The stock has a market cap of C$203.11 million, a PE ratio of -28.00 and a beta of 1.04. The firm has a fifty day moving average of C$0.77 and a 200 day moving average of C$0.70.

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.