David Gregory Medilek Sells 175,000 Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Senior Officer David Gregory Medilek sold 175,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of C$7.48, for a total value of C$1,309,227.50.

K92 Mining Inc. (KNT.V) Stock Performance

KNT opened at C$7.99 on Friday. The stock has a market cap of C$1.63 billion and a PE ratio of 32.48. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93. The business has a 50 day moving average of C$7.99 and a 200-day moving average of C$7.99. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 week high of C$8.50.

Analysts Set New Price Targets

KNT has been the topic of several recent research reports. Pi Financial raised their price target on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research report on Wednesday, March 6th. Stifel Nicolaus raised their price target on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, April 3rd. Canaccord Genuity Group raised their price target on K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a research report on Tuesday. National Bankshares dropped their price objective on K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a report on Monday, February 26th. Finally, Raymond James increased their price objective on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a report on Tuesday. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, K92 Mining Inc. (KNT.V) has an average rating of “Buy” and a consensus target price of C$9.98.

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.