K92 Mining (TSE:KNT) Reaches New 1-Year High – What’s Next?

K92 Mining Inc. (TSE:KNT) shares hit a new 52-week high on Wednesday . The company traded as high as C$11.80 and last traded at C$11.58, with a volume of 790174 shares changing hands. The stock had previously closed at C$11.62.

Analyst Upgrades and Downgrades

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

K92 Mining Stock Performance

The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66. The firm’s fifty day moving average price is C$10.12 and its 200-day moving average price is C$9.20. The firm has a market cap of C$2.03 billion, a price-to-earnings ratio of 26.56 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.