K92 Mining (TSE:KNT) Reaches New 1-Year High at $7.67

Shares of K92 Mining Inc. (TSE:KNT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$7.67 and last traded at C$7.65, with a volume of 57809 shares. The stock had previously closed at C$7.55.

Analysts Set New Price Targets

Separately, Pi Financial reaffirmed a “buy” rating on shares of K92 Mining in a research note on Wednesday, March 6th.

K92 Mining Stock Performance

The company has a debt-to-equity ratio of 1.36, a current ratio of 3.08 and a quick ratio of 3.15. The company has a 50 day simple moving average of C$6.47 and a 200-day simple moving average of C$6.10. The stock has a market cap of C$1.79 billion, a P/E ratio of 39.74 and a beta of 1.05.

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.