K92 Mining (TSE:KNT) Hits New 1-Year High – Time to Buy?

K92 Mining Inc. (TSE:KNT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$12.14 and last traded at C$12.06, with a volume of 606131 shares traded. The stock had previously closed at C$11.81.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KNT shares. TD Securities raised K92 Mining to a “strong-buy” rating in a research note on Tuesday, February 4th. Stifel Canada upgraded shares of K92 Mining to a “strong-buy” rating in a research report on Wednesday, March 19th.

K92 Mining Trading Up 2.1 %

The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66. The firm has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 26.56 and a beta of 1.07. The company has a fifty day moving average price of C$10.20 and a two-hundred day moving average price of C$9.27.

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.