K2 Gold (CVE:KTO) Shares Up 16.7%

K2 Gold Co. (CVE:KTOGet Rating)’s share price shot up 16.7% during trading on Thursday . The stock traded as high as C$0.11 and last traded at C$0.11. 349,500 shares were traded during mid-day trading, an increase of 488% from the average session volume of 59,462 shares. The stock had previously closed at C$0.09.

K2 Gold Price Performance

The company has a 50 day moving average of C$0.13 and a 200 day moving average of C$0.16. The company has a quick ratio of 8.72, a current ratio of 9.05 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of C$6.81 million and a price-to-earnings ratio of -4.20.

Insider Buying and Selling at K2 Gold

In other K2 Gold news, Director Stephen P. Swatton sold 1,500,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of C$0.16, for a total transaction of C$232,500.00. Following the completion of the sale, the director now owns 848,500 shares of the company’s stock, valued at C$131,517.50.

K2 Gold Company Profile

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K2 Gold Corporation, a junior mineral exploration company, acquires, explores for, and evaluates gold exploration projects in Canada and the United States. The company's flagship property is the Mojave Gold project that covers an area of approximately 5,780 hectares located in California. It also holds interest in The Wels property comprising 350 contiguous quartz claims covering an area of 7200 hectares located in the southwestern Yukon.

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