K2 Gold (CVE:KTO) Shares Down 1.4% – Should You Sell?

Shares of K2 Gold Co. (CVE:KTO) were down 1.4% on Tuesday . The stock traded as low as C$0.70 and last traded at C$0.70. 35,250 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 260,336 shares. The stock had previously closed at C$0.71.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets set a C$2.25 target price on shares of K2 Gold and gave the company a “speculative buy” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$2.25.

K2 Gold Stock Down 1.4%

The firm has a market cap of C$169.57 million, a price-to-earnings ratio of -17.50 and a beta of 1.59. The stock’s 50 day moving average is C$0.73 and its 200 day moving average is C$0.75.

About K2 Gold

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.