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

K2 Gold Co. (CVE:KTO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.92 and last traded at C$0.92, with a volume of 401125 shares. The stock had previously closed at C$0.85.

K2 Gold Trading Up 8.2%

The company has a quick ratio of 2.32, a current ratio of 24.54 and a debt-to-equity ratio of 0.23. The firm’s 50 day simple moving average is C$0.76 and its two-hundred day simple moving average is C$0.76. The stock has a market capitalization of C$242.28 million, a P/E ratio of -23.00 and a beta of 1.61.

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.