K92 Mining (TSE:KNT) Hits New 12-Month High – What’s Next?

K92 Mining Inc. (TSE:KNT)’s share price hit a new 52-week high on Thursday . The company traded as high as C$13.58 and last traded at C$13.25, with a volume of 1091893 shares. The stock had previously closed at C$12.90.

Analyst Ratings Changes

Several research firms recently issued reports on KNT. Stifel Canada raised shares of K92 Mining to a “strong-buy” rating in a report on Wednesday, March 19th. TD Securities upgraded shares of K92 Mining to a “strong-buy” rating in a report on Tuesday, February 4th.

K92 Mining Price 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 stock has a fifty day simple moving average of C$11.16 and a 200-day simple moving average of C$9.86. The stock has a market cap of C$2.18 billion, a price-to-earnings ratio of 28.59 and a beta of 1.07.

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.