K2 Gold (CVE:KTO) Shares Up 37.5%

K2 Gold Co. (CVE:KTO – Get Rating) shares shot up 37.5% during trading on Friday . The company traded as high as C$0.22 and last traded at C$0.22. 566,500 shares changed hands during mid-day trading, an increase of 610% from the average session volume of 79,775 shares. The stock had previously closed at C$0.16.

K2 Gold Trading Up 37.5 %

The company has a market cap of C$19.54 million, a PE ratio of -11.00 and a beta of 1.10. The company has a current ratio of 2.12, a quick ratio of 2.32 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of C$0.15 and a 200 day moving average price of C$0.15.

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. The company's flagship property is the Mojave Gold project that covers an area of approximately 5,780 hectares located in California. It also holds interest in The Wels property comprising 350 contiguous quartz claims covering an area of 7200 hectares located in the southwestern Yukon.