K2 Gold Co. (CVE:KTO – Get Rating) rose 16.7% during mid-day trading on Thursday . The company traded as high as C$0.11 and last traded at C$0.11. Approximately 349,500 shares changed hands during trading, an increase of 488% from the average daily volume of 59,462 shares. The stock had previously closed at C$0.09.
K2 Gold Trading Up 16.7 %
The business has a 50 day simple moving average of C$0.13 and a 200-day simple moving average of C$0.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 8.72 and a current ratio of 9.05. The stock has a market capitalization of C$6.81 million and a P/E ratio of -4.20.
Insider Buying and Selling at K2 Gold
In other K2 Gold news, Director Stephen P. Swatton sold 1,500,000 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of C$0.16, for a total transaction of C$232,500.00. Following the completion of the transaction, the director now directly owns 848,500 shares of the company’s stock, valued at approximately C$131,517.50.
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. 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.
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