Insider Selling: K92 Mining Inc. (KNT.V) (CVE:KNT) Insider Sells 44,698 Shares of Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) insider L1 Capital Pty Ltd. sold 44,698 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of C$7.82, for a total transaction of C$349,538.36.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT remained flat at C$7.99 during mid-day trading on Monday. The stock had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 week high of C$8.50. The business’s fifty day moving average price is C$7.99 and its 200-day moving average price is C$7.99. The stock has a market cap of C$1.63 billion and a PE ratio of 32.48.

Analyst Ratings Changes

KNT has been the subject of a number of analyst reports. Scotiabank raised their target price on shares of K92 Mining Inc. (KNT.V) from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research report on Thursday. Cormark lifted their target price on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research report on Friday, October 11th. Canaccord Genuity Group increased their price target on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd. Eight Capital boosted their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday. Finally, Stifel Nicolaus increased their price objective on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a report on Monday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, K92 Mining Inc. (KNT.V) has a consensus rating of “Moderate Buy” and a consensus price target of C$11.58.

K92 Mining Inc. (KNT.V) 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. 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.