K92 Mining Inc. (KNT.V) (CVE:KNT) Director Saurabh Handa Sells 89,240 Shares of Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Director Saurabh Handa sold 89,240 shares of the firm’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of C$7.51, for a total value of C$670,192.40.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of CVE:KNT opened at C$7.99 on Friday. The stock has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. The stock’s 50-day simple moving average is C$7.99 and its two-hundred day simple moving average is C$7.99. K92 Mining Inc. has a 52-week low of C$1.55 and a 52-week high of C$8.50.

Wall Street Analysts Forecast Growth

KNT has been the subject of several analyst reports. Raymond James raised their price target on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a report on Tuesday. Pi Financial lifted their price objective on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a report on Wednesday, March 6th. Canaccord Genuity Group lifted their price objective on K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a report on Tuesday. National Bankshares reduced 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, Stifel Nicolaus lifted their price objective on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a report on Wednesday, April 3rd. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently 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.