K2 Gold (CVE:KTO) Hits New 12-Month High – Here’s Why

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

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on K2 Gold

K2 Gold Stock Performance

The company has a market capitalization of C$213.17 million, a price-to-earnings ratio of -22.00 and a beta of 1.61. The business’s 50-day simple moving average is C$0.73 and its 200-day simple moving average is C$0.75.

About K2 Gold

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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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