K2 Gold (CVE:KTO) Shares Down 1.4% – Should You Sell?

K2 Gold Co. (CVE:KTO)’s stock price was down 1.4% on Tuesday . The stock traded as low as C$0.70 and last traded at C$0.70. Approximately 35,250 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 260,336 shares. The stock had previously closed at C$0.71.

Analysts Set New Price Targets

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

K2 Gold Trading Down 1.4%

The firm has a 50-day moving average of C$0.73 and a 200 day moving average of C$0.75. The stock has a market capitalization of C$169.57 million, a price-to-earnings ratio of -17.50 and a beta of 1.59.

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.