Saurabh Handa Sells 21,459 Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Director Saurabh Handa sold 21,459 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of C$9.63, for a total transaction of C$206,542.88.

K92 Mining Inc. (KNT.V) Price Performance

CVE KNT remained flat at C$7.99 on Tuesday. The company’s stock had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month high of C$8.50. The company has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48. The company’s fifty day moving average price is C$7.99 and its 200 day moving average price is C$7.99.

Wall Street Analyst Weigh In

KNT has been the topic of several research analyst reports. Royal Bank of Canada lifted their price target on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research report on Friday. Eight Capital lifted their target price on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Cormark upped their price target on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th. Stifel Nicolaus lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research note on Monday, October 21st. Finally, Scotiabank boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$9.50 to C$10.00 in a report on Thursday, November 21st.

About K92 Mining Inc. (KNT.V)

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. The company is headquartered in Vancouver, Canada.