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

K92 Mining Inc. (TSE:KNT) hit a new 52-week high during trading on Thursday . The stock traded as high as C$9.67 and last traded at C$9.65, with a volume of 504208 shares trading hands. The stock had previously closed at C$8.94.

K92 Mining Price Performance

The firm’s fifty day moving average price is C$7.94 and its 200 day moving average price is C$7.76. The company has a current ratio of 2.95, a quick ratio of 3.15 and a debt-to-equity ratio of 11.19. The firm has a market capitalization of C$2.26 billion, a PE ratio of 55.88 and a beta of 1.07.

K92 Mining (TSE:KNT) last announced its earnings results on Tuesday, August 13th. The company reported C$0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.03. K92 Mining had a net margin of 13.24% and a return on equity of 8.25%. The company had revenue of C$65.39 million for the quarter, compared to analyst estimates of C$78.48 million. As a group, equities analysts forecast that K92 Mining Inc. will post 0.7321867 earnings per share for the current year.

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.