K2 Gold (CVE:KTO) Stock Price Up 2.5% – Still a Buy?

K2 Gold Co. (CVE:KTO)’s stock price rose 2.5% during trading on Monday . The company traded as high as C$0.83 and last traded at C$0.82. Approximately 216,588 shares traded hands during mid-day trading, a decline of 34% from the average daily 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 shares of K2 Gold and gave the stock a “speculative buy” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, K2 Gold has an average rating of “Buy” and an average target price of C$2.25.

K2 Gold Trading Up 2.5%

The firm has a market capitalization of C$198.28 million, a PE ratio of -27.33 and a beta of 1.04. The business’s 50 day simple moving average is C$0.77 and its 200 day simple moving average is C$0.69.

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.