K2 Gold (CVE:KTO) Shares Up 2.7% – Time to Buy?

K2 Gold Co. (CVE:KTO)’s share price rose 2.7% during mid-day trading on Tuesday . The stock traded as high as C$0.77 and last traded at C$0.75. 16,526 shares were traded during 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 research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, K2 Gold currently has a consensus rating of “Buy” and a consensus target price of C$2.25.

K2 Gold Price Performance

The firm has a market capitalization of C$171.99 million, a P/E ratio of -17.75 and a beta of 1.59. The stock has a fifty day simple moving average of C$0.75 and a two-hundred day simple moving average 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.