K92 Mining (TSE:KNT) Hits New 52-Week High – What’s Next?

Shares of K92 Mining Inc. (TSE:KNT) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$10.71 and last traded at C$10.55, with a volume of 522308 shares traded. The stock had previously closed at C$10.47.

Analyst Ratings Changes

Separately, TD Securities raised K92 Mining to a “strong-buy” rating in a research note on Tuesday, February 4th.

K92 Mining Price Performance

The company has a debt-to-equity ratio of 11.19, a current ratio of 2.95 and a quick ratio of 3.15. The stock has a 50 day moving average price of C$9.41 and a two-hundred day moving average price of C$8.68. The firm has a market capitalization of C$2.51 billion, a price-to-earnings ratio of 62.06 and a beta of 1.07.

About K92 Mining

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.