K2 Gold (CVE:KTO) Sets New 12-Month High – Still a Buy?

K2 Gold Co. (CVE:KTOGet Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$0.17 and last traded at C$0.16, with a volume of 360400 shares. The stock had previously closed at C$0.17.

K2 Gold Stock Down 3.0 %

The company has a market capitalization of C$18.88 million, a PE ratio of -16.00 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.78 and a quick ratio of 2.32. The company has a 50-day moving average of C$0.13 and a two-hundred day moving average of C$0.11.

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.

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