K2 Gold (CVE:KTO) Sets New 52-Week High – Here’s Why

K2 Gold Co. (CVE:KTOGet Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as C$0.92 and last traded at C$0.88, with a volume of 666995 shares. The stock had previously closed at C$0.84.

K2 Gold Stock Up 1.1%

The stock’s 50 day simple moving average is C$0.74 and its two-hundred day simple moving average is C$0.75. The firm has a market cap of C$218.02 million, a P/E ratio of -22.50 and a beta of 1.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 24.54 and a quick ratio of 2.32.

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. 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.

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