K92 Mining (TSE:KNT) Sets New 1-Year High – Here’s Why

K92 Mining Inc. (TSE:KNT)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$10.71 and last traded at C$10.55, with a volume of 522308 shares changing hands. The stock had previously closed at C$10.47.

Analysts Set New Price Targets

Separately, TD Securities raised K92 Mining to a “strong-buy” rating in a research note on Tuesday, February 4th.

K92 Mining Price Performance

The business’s 50-day simple moving average is C$9.45 and its 200 day simple moving average is C$8.72. The company has a market capitalization of C$1.72 billion, a P/E ratio of 22.53 and a beta of 1.07. The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66.

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.