K92 Mining (TSE:KNT) Sets New 52-Week High – Here’s Why

K92 Mining Inc. (TSE:KNTGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$12.14 and last traded at C$12.06, with a volume of 606131 shares changing hands. The stock had previously closed at C$11.81.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. TD Securities raised shares of K92 Mining to a “strong-buy” rating in a research report on Tuesday, February 4th. Stifel Canada upgraded K92 Mining to a “strong-buy” rating in a report on Wednesday, March 19th.

Check Out Our Latest Analysis on K92 Mining

K92 Mining Price Performance

The firm has a market capitalization of C$2.05 billion, a P/E ratio of 26.83 and a beta of 1.07. The company has a debt-to-equity ratio of 12.66, a current ratio of 2.83 and a quick ratio of 3.15. The stock’s fifty day simple moving average is C$10.28 and its 200 day simple moving average is C$9.34.

K92 Mining Company Profile

(Get Free Report)

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. The company's mineral properties include the Kainantu gold mine project that covers an area of approximately 836 square kilometers located in the Eastern Highlands province of Papua New Guinea; and the Blue Lake gold-copper porphyry deposit located in the southwest of the Kora and Judd intrusion.

Further Reading

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