K2 Gold (CVE:KTO) PT Set at C$2.25 by ATB Cormark Capital Markets

K2 Gold (CVE:KTO) received a C$2.25 price objective from ATB Cormark Capital Markets in a research report issued on Monday,BayStreet.CA reports. The firm presently has a “speculative buy” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 181.25% from the stock’s previous close.

K2 Gold Stock Performance

KTO traded down C$0.03 during midday trading on Monday, reaching C$0.80. The company had a trading volume of 336,158 shares, compared to its average volume of 350,642. The stock has a market cap of C$187.47 million, a PE ratio of -80.00 and a beta of 1.06. K2 Gold has a 12-month low of C$0.22 and a 12-month high of C$0.90. The business has a 50-day moving average price of C$0.77 and a two-hundred day moving average price of C$0.66.

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.