K92 Mining (TSE:KNT) Sets New 1-Year High – Here’s What Happened

K92 Mining Inc. (TSE:KNTGet Free Report)’s share price hit a new 52-week high on Friday . The company traded as high as C$24.72 and last traded at C$22.56, with a volume of 92679 shares traded. The stock had previously closed at C$22.69.

Analysts Set New Price Targets

Separately, Desjardins raised shares of K92 Mining to a “moderate buy” rating in a research note on Thursday, November 27th. Four equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Strong Buy”.

View Our Latest Research Report on KNT

K92 Mining Stock Down 2.1%

The firm’s fifty day moving average is C$20.42 and its 200-day moving average is C$17.55. The company has a market capitalization of C$5.41 billion, a P/E ratio of 21.57 and a beta of 0.82. The company has a debt-to-equity ratio of 12.66, a quick ratio of 3.15 and a current ratio of 2.83.

K92 Mining (TSE:KNTGet Free Report) last issued its earnings results on Monday, November 10th. The company reported C$0.35 earnings per share for the quarter. The firm had revenue of C$247.22 million for the quarter. K92 Mining had a net margin of 24.76% and a return on equity of 20.37%. As a group, equities research analysts predict that K92 Mining Inc. will post 0.7321867 EPS for the current year.

Insiders Place Their Bets

In other K92 Mining news, Director Cyndi Dianna Laval sold 9,400 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of C$17.63, for a total value of C$165,722.00. Following the completion of the transaction, the director owned 170,994 shares of the company’s stock, valued at C$3,014,624.22. This represents a 5.21% decrease in their position. 2.53% of the stock is owned by corporate insiders.

K92 Mining Company Profile

(Get Free Report)

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.

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