K92 Mining (CVE:KNT) Hits New 52-Week High at $2.72

Shares of K92 Mining Inc (CVE:KNT) hit a new 52-week high on Wednesday . The stock traded as high as C$2.72 and last traded at C$2.63, with a volume of 1638274 shares trading hands. The stock had previously closed at C$2.56.

Several research analysts have recently weighed in on the stock. Pi Financial set a C$3.50 target price on shares of K92 Mining and gave the company a “buy” rating in a research note on Friday, November 22nd. Eight Capital set a C$4.50 target price on shares of K92 Mining and gave the company a “buy” rating in a research note on Monday, September 9th. Finally, Clarus Securities restated a “buy” rating on shares of K92 Mining in a research note on Wednesday, August 7th.

The firm has a market capitalization of $510.50 million and a PE ratio of 13.28. The firm’s 50 day moving average price is C$2.23 and its two-hundred day moving average price is C$2.08. The company has a quick ratio of 1.33, a current ratio of 1.84 and a debt-to-equity ratio of 15.75.

K92 Mining Company Profile (CVE:KNT)

K92 Mining Inc engages in the exploration, development, and mining of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver concentrates. Its principal property is the Kainantu gold mine that includes the Irumafimpa and Kora deposits covering an area of approximately 410 square kilometers located in the Eastern Highlands province.

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