K92 Mining Inc. (OTCMKTS:KNTNF – Get Free Report) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 6,874,100 shares, a decrease of 18.7% from the January 31st total of 8,454,000 shares. Based on an average daily volume of 194,800 shares, the days-to-cover ratio is currently 35.3 days.
K92 Mining Stock Performance
Shares of OTCMKTS:KNTNF opened at $6.59 on Tuesday. K92 Mining has a 12-month low of $4.30 and a 12-month high of $7.50. The company’s 50 day moving average price is $6.71 and its two-hundred day moving average price is $6.37.
Wall Street Analyst Weigh In
Separately, TD Securities started coverage on K92 Mining in a report on Tuesday, February 4th. They set a “buy” rating for the company.
About K92 Mining
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.
Featured Stories
- Five stocks we like better than K92 Mining
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Bearish Investors Can Seek Refuge in Recession-Resistant ETFs
- How to find penny stocks to invest and trade
- 3 Oversold Magnificent Seven Stocks at Key Levels: Buy Now?
- Bank Stocks – Best Bank Stocks to Invest In
- 3M to Hit $175 by Mid-Year, and Higher Highs Are Likely
Receive News & Ratings for K92 Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for K92 Mining and related companies with MarketBeat.com's FREE daily email newsletter.
