K2 GOLD CORPORATION chart

Last update: 2021-02-12
Key statistics and financials
Revenue per share N/A
Dividend & YieldN/AC$ (N/A)
Beta 1.37
Market capitalization 11.67M
Operating cash flow -1.26M
ESG Scores unknown

Company description

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. In addition, it holds an option agreement to acquire 100% interest in the Cerro Gordo Gold Project, which consists of 59 lode claims and 5 patented claims covering approximately 360 hectares; and Si2 Gold Project that consists of 65 bureau of land management lode claims covering 543 hectares. 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.

Sector: Basic Materials - Industry: Gold

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 3.53k -952 27.9k -60.82k
Total Cashflows From Investing Activities -513.55k -787.5k -3.73M -3.3M
Net Borrowings 40k 40k 40k
Total Cash From Financing Activities 1.01M 3.88M 9.5M
Change To Operating Activities -10.16k 23.52k -141.13k 114.89k
Issuance Of Stock 1.05M 3.9M 9.84M
Net Income -1.01M -1.03M -1.8M -1.82M
Change In Cash -86.79k 2.54M 4.52M -4.55M
Effect Of Exchange Rate
Total Cash From Operating Activities -584.73k -553.28k -1.25M -1.26M
Depreciation 395.57k 315.8k 315.8k 175.75k
Change To Account Receivables 42.59k -11.71k -3.51k 3.39k
Other Cashflows From Financing Activities -35.01k -20.03k -382.57k
Change To Netincome -10.29k 467.78k 351.81k 326.86k
Capital Expenditures -513.55k -787.5k -3.67M -3.3M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -1.01M -1.03M -1.8M -1.82M
Net Income -1.01M -1.03M -1.8M -1.82M
Selling General Administrative 588.61k 509.85k 1.09M 1.28M
Gross Profit -5.03k
Ebit -984.18k -982.66k -1.75M -1.78M
Operating Income -984.18k -982.66k -1.75M -1.78M
Interest Expense
Income Tax Expense
Total Revenue
Cost Of Revenue 5.03k
Total Other Income ExpenseNet -21.77k -49.26k -42.17k -32.6k
Net Income From Continuing Ops -1.01M -1.03M -1.8M -1.82M
Net Income Applicable To Common Shares -1.01M -1.03M -1.8M -1.82M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 52.82k 271.22k 357.71k 378.35k
Total Stockholder Equity 3.1M 6.84M 15.07M 13.74M
Other Current Liabilities
Total Assets 3.15M 7.11M 15.42M 14.12M
Common Stock 14.24M 18.06M 26.49M 26.76M
Other Current Assets
Retained Earnings -14.54M -15.57M -17.3M -19.12M
Treasury Stock 3.39M 4.34M 5.88M 6.1M
Cash 341.62k 2.88M 7.4M 2.85M
Total Current Liabilities 52.82k 271.22k 317.71k 338.35k
Other Stockholder Equity 3.39M 4.34M 5.88M 6.1M
Property, Plant, and Equipment 2.71M 4.13M 7.77M 11.14M
Total Current Assets 445.43k 2.98M 7.59M 2.92M
Net Tangible Assets 3.1M 6.84M 15.07M 13.74M
Net Receivables 6.58k 18.3k 21.81k 18.42k
Accounts Payable 52.82k 267.22k 316.23k 338.35k


Insider Transactions

Here are the insider transactions of stock shares related to K2 GOLD CORPORATION:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Scott (Robert James)Acquisition or disposition under a prospectus exemption at price 0.44 per share.D2020-12-30Senior Officer of Issuer50k
Swatton (Stephen P.)Acquisition or disposition under a prospectus exemption at price 0.44 per share.D2020-12-30Director of Issuer50k
Roberts (Craig A.)Acquisition or disposition under a prospectus exemption at price 0.44 per share.I2020-12-30Director of Issuer50k
Swatton (Stephen P.)Acquisition or disposition in the public market at price 0.37 per share.D2020-11-17Director of Issuer10k
Swatton (Stephen P.)Acquisition or disposition in the public market at price 0.37 per share.D2020-11-17Director of Issuer10k
Swatton (Stephen P.)Acquisition or disposition in the public market at price 0.36 per share.D2020-11-17Director of Issuer10k
Swatton (Stephen P.)Acquisition or disposition in the public market at price 0.38 per share.D2020-11-17Director of Issuer20k
Leigh (Frederic Wilfred Roger JR)Acquisition or disposition in the public market at price 0.56 per share.I2020-10-02Director of Issuer150k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to K2 GOLD CORPORATION. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on K2 GOLD CORPORATION

Here is the result of two systematic investment strategies applied to K2 GOLD CORPORATION. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on K2 GOLD CORPORATION

The following chart shows the equity curve of the two systematic investment strategies applied to K2 GOLD CORPORATION:

K2 GOLD CORPORATION automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 74.83% on the backtest period.

Performance at glance

Performance

74.83 %

Latent gain

1496.69 C$

Invested capital

2000.26 C$

Annualized return

17.08 %
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Momentum strategy results on K2 GOLD CORPORATION

This is the result of two momentum investment strategies applied to K2 GOLD CORPORATION. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on K2 GOLD CORPORATION

The following chart shows all the entries opened by the momentum investment system on K2 GOLD CORPORATION:

K2 GOLD CORPORATION momentum entries
  • The first momentum investment strategy would give 84.23% of return on K2 GOLD CORPORATION. That represents 5054.13C$ of latent gain with 6000.07C$ of employed capital.
  • The second momentum investment strategy would give 85.38% of return on K2 GOLD CORPORATION. That represents 3841.56C$ of latent gain with 4499.44C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

84.23 %

Latent gain

5054.13 C$

Invested capital

6000.07 C$

Annualized return

68.12 %
Performance at glance (2Q Momentum)

Performance

85.38 %

Latent gain

3841.56 C$

Invested capital

4499.44 C$

Annualized return

21.89 %

Momentum equity curve on K2 GOLD CORPORATION

The following chart shows the equity curve of the two momentum strategies applied to K2 GOLD CORPORATION:

K2 GOLD CORPORATION momentum equity

Note: the dividends potentially given by K2 GOLD CORPORATION are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on K2 GOLD CORPORATION

The following chart shows the employed capital evolution of the two momentum strategies on K2 GOLD CORPORATION since the beginning:

K2 GOLD CORPORATION

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on K2 GOLD CORPORATION

Buy the dip entry openings on K2 GOLD CORPORATION

K2 GOLD CORPORATION

The performance achieved by the robo-advisor on K2 GOLD CORPORATION is 162.13%. That represents 2432.03$ of latent gain with 1500.02C$ of employed capital. The following chart shows K2 GOLD CORPORATION stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of K2 GOLD CORPORATION, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

162.13 %

Latent gain

2432.03 C$

Invested capital

1500.02 C$

Annualized return

68.12 %

Equity curve of the strategy applied to K2 GOLD CORPORATION

The following chart shows the result of the investment strategy applied to K2 GOLD CORPORATION:

K2 GOLD CORPORATION

Note: the dividends potentially given by K2 GOLD CORPORATION are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on K2 GOLD CORPORATION

The following chart shows the employed capital evolution since the beginning of the investment strategy on K2 GOLD CORPORATION:

K2 GOLD CORPORATION

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on K2 GOLD CORPORATION

In this section, I will compare the three previous investment strategies applied to K2 GOLD CORPORATION.

Equity curve comparison on K2 GOLD CORPORATION

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

K2 GOLD CORPORATION investment strategy comparison

Employed capital comparison on K2 GOLD CORPORATION

K2 GOLD CORPORATION investment comparison

Performance comparison on K2 GOLD CORPORATION

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 74.83% 1496.69C$ 2000.26C$ 17.08%
Momentum 1 quarter 84.23% 5054.13C$ 6000.07C$ 20.35%
Momentum 2 quarters 85.38% 3841.56C$ 4499.44C$ 21.89%
Non-directional 162.13% 2432.03C$ 1500.02C$ 68.12%
Annualized return comparison

Automatic investment

17.08 %

Momentum 1Q

21.89 %

Momentum 2Q

21.89 %

Non-directional

68.12 %

Correlated stocks

Here are the most positively and negatively correlated stocks with K2 GOLD CORPORATION:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between K2 GOLD CORPORATION and the other stocks. There may be false positives or some missing correlated stocks. If the price of K2 GOLD CORPORATION does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name K2 GOLD CORPORATION
Country Canada
City Vancouver
Address 800 West Pender Street
Phone
Website www.k2gold.com
FullTime employees
Industry Gold
Sector Basic Materials
Exchange XTSX
Ticker KTO.XTSX
Market www.tsx.com

K2 GOLD CORPORATION ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown