K2 Gold (CVE:KTO) Trading Down 0.7% – Time to Sell?

K2 Gold Co. (CVE:KTOGet Free Report) shares fell 0.7% on Tuesday . The company traded as low as C$0.68 and last traded at C$0.72. 269,716 shares were traded during trading, a decline of 25% from the average session volume of 357,684 shares. The stock had previously closed at C$0.72.

K2 Gold Trading Down 0.7%

The stock has a 50-day simple moving average of C$0.76 and a 200 day simple moving average of C$0.54. The company has a market cap of C$167.55 million, a price-to-earnings ratio of -71.50 and a beta of 0.51.

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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