K9 Gold (CVE:KNC) Trading 30% Higher – Here’s Why

K9 Gold Corp. (CVE:KNCGet Free Report) traded up 30% on Wednesday . The stock traded as high as C$0.53 and last traded at C$0.39. 355,150 shares traded hands during trading, an increase of 1,064% from the average session volume of 30,522 shares. The stock had previously closed at C$0.30.

K9 Gold Stock Performance

The business’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.12. The company has a market cap of C$4.19 million, a price-to-earnings ratio of -0.55 and a beta of 1.32.

K9 Gold Company Profile

(Get Free Report)

K9 Gold Corp. engages in the identification, acquisition, and exploration of mineral interests in Canada and the United States. It explores for gold, vanadium, lithium, and uranium deposits. The company holds interests in the Stony Lake East Gold project that includes 8 mineral licenses covering an area of 13,625 hectares located in the province of Newfoundland and Labrador; the Desert Eagle project, which comprises 97 lode claims covering an area of 2,004 acres situated in Garfield County, Utah; and the James Bay lithium project located in the La Grande sub-province in Quebec.

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