K92 Mining (TSE:KNT) Sets New 12-Month High – What’s Next?

K92 Mining Inc. (TSE:KNTGet Free Report)’s stock price 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$10.70, with a volume of 670106 shares. The stock had previously closed at C$10.31.

Analyst Upgrades and Downgrades

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

Get Our Latest Research Report on KNT

K92 Mining Price Performance

The company has a 50-day moving average price of C$9.93 and a 200-day moving average price of C$9.07. The company has a debt-to-equity ratio of 12.66, a quick ratio of 3.15 and a current ratio of 2.83. The firm has a market capitalization of C$1.83 billion, a P/E ratio of 23.97 and a beta of 1.07.

K92 Mining Company Profile

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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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