K2 Gold (CVE:KTO) Shares Up 4.9%

K2 Gold Corp (CVE:KTO) shot up 4.9% during mid-day trading on Friday . The stock traded as high as C$0.33 and last traded at C$0.32, 18,000 shares were traded during mid-day trading. A decline of 49% from the average session volume of 35,621 shares. The stock had previously closed at C$0.31.

The firm’s 50-day moving average price is C$0.29 and its 200-day moving average price is C$0.23. The company has a market cap of $7.47 million and a P/E ratio of -7.11.

K2 Gold Company Profile (CVE:KTO)

K2 Gold Corporation, an exploration stage company, acquires, explores for, and evaluates gold exploration projects in Canada and the United States. Its flagship project is the Wels project covering an area of approximately 7,200 hectares located in west-central Yukon Territory. The company was formerly known as West Melville Metals Inc and changed its name to K2 Gold Corporation in November 2016.

Further Reading: Average Daily Trade Volume – What You Need to Know

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