Cyndi Dianna Laval Sells 225,000 Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Director Cyndi Dianna Laval sold 225,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$7.67, for a total value of C$1,725,075.00.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT stock opened at C$7.99 on Thursday. The company has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. The business’s 50 day moving average is C$7.99 and its two-hundred day moving average is C$7.99. The company has a current ratio of 3.25, a quick ratio of 2.43 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.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KNT. Canaccord Genuity Group increased their price objective on K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a report on Tuesday, April 23rd. Scotiabank increased their price objective on K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a report on Thursday, May 23rd. National Bankshares lowered K92 Mining Inc. (KNT.V) from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$9.00 to C$9.25 in a report on Thursday, May 16th. Stifel Nicolaus increased their price objective on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a report on Wednesday, April 3rd. Finally, Pi Financial raised their target price on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$10.10.

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.