National Bankshares Increases K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target to C$12.75

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price increased by equities researchers at National Bankshares from C$11.75 to C$12.75 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 59.57% from the stock’s current price.

A number of other equities analysts also recently weighed in on KNT. Scotiabank boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research note on Wednesday, January 15th. Raymond James boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a report on Tuesday, January 7th. Finally, Royal Bank of Canada boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a report on Friday, December 6th.

K92 Mining Inc. (KNT.V) Stock Performance

KNT stock remained flat at C$7.99 during trading on Wednesday. 337,797 shares of the company traded hands, compared to its average volume of 1,128,356. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month high of C$8.50. The stock has a market cap of C$1.63 billion and a PE 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 has a 50 day moving average of C$7.99 and a 200 day moving average of C$7.99.

Insider Activity

In related news, Director John Lewins sold 68,700 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of C$9.79, for a total transaction of C$672,421.86. Also, Senior Officer Nancy Carol La Couvee sold 20,000 shares of the stock in a transaction on Monday, January 20th. The stock was sold at an average price of C$9.81, for a total transaction of C$196,200.00. Insiders sold 241,196 shares of company stock worth $2,273,694 over the last quarter.

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.