K2 Gold (K2 Gold) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is K2 Gold Momentum Rank?

K2 Gold has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

K2 Gold Momentum Rank Related Terms

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K2 Gold (K2 Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » K2 Gold Corp (OTCPK:KTGDF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KTO:Canada

Address

800 West Pender Street, Suite 1020, Vancouver, BC, CAN, V6C 2V6

Website

https://www.k2gold.com

K2 Gold Corp is a well-financed gold exploration company with projects in SW USA and the Yukon. The company is focused on the Mojave property in California, a 5,830-hectare oxide gold project with base metal targets. The location of Mojave enables the company to have year-round news flow on multiple previously recognized surface gold targets. Besides affording immediate drill targets based on the company's soil data integrated with LiDAR and Worldview3 data, the property also has undrilled locations with gold-enriched historical trench results including one at the Flores zone which recorded 8.4 g/t gold over 25.6m. The company has exploration plans for the Si2 and Wels projects, located in Nevada, the USA, and the Yukon Territory, Canada.

K2 Gold (K2 Gold) Headlines

From GuruFocus

K2 Gold Corporation Announces Non-Brokered Private Placement to Raise $750,000

By GlobeNewswire GlobeNewswire • 05-11-2018

K2 Completes 2019 Exploration at Wels; Trenches 2.15 g/t Au over 8m at the Pekoe Target, 0.64 g/t over 36m at the Chai Target

By GlobeNewswire GlobeNewswire • 02-20-2020

K2 Gold Provides A Technical Update of the Flume Property

By GlobeNewswire GlobeNewswire • 05-02-2018

K2 Gold Completes Termination of Option Agreement on Flume Property

By GlobeNewswire GlobeNewswire • 09-26-2018

K2 Gold Closes Oversubscribed Private Placement and Raises $1,066,500

By GlobeNewswire GlobeNewswire • 06-08-2018

K2 Stakes New Mineral Claims in the Moosehorn Range, Alaska, USA

By GlobeNewswire GlobeNewswire • 05-17-2018