K2 Gold Co. (CVE:KTO – Get Free Report) shares rose 27.8% during mid-day trading on Tuesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 119,000 shares changed hands during trading, an increase of 75% from the average daily volume of 67,923 shares. The stock had previously closed at C$0.09.
K2 Gold Stock Performance
The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.32 and a current ratio of 2.65. The firm’s 50 day simple moving average is C$0.09 and its 200-day simple moving average is C$0.10. The company has a market cap of C$11.80 million, a price-to-earnings ratio of -10.00 and a beta of 0.84.
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.
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