K92 Mining (TSE:KNT) Upgraded to Strong-Buy at TD Securities

K92 Mining (TSE:KNT) was upgraded by investment analysts at TD Securities to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

K92 Mining Stock Performance

Shares of K92 Mining stock opened at C$9.97 on Tuesday. The business’s fifty day simple moving average is C$9.28 and its 200 day simple moving average is C$8.59. The company has a current ratio of 2.95, a quick ratio of 3.15 and a debt-to-equity ratio of 11.19. K92 Mining has a 12 month low of C$5.27 and a 12 month high of C$10.39. The firm has a market capitalization of C$2.37 billion, a P/E ratio of 58.65 and a beta of 1.07.

K92 Mining Company Profile

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.