K92 Mining Inc. (OTCMKTS:KNTNF) Sees Large Increase in Short Interest

K92 Mining Inc. (OTCMKTS:KNTNF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 9,665,500 shares, a growth of 18.9% from the August 15th total of 8,126,500 shares. Based on an average trading volume of 232,000 shares, the days-to-cover ratio is presently 41.7 days.

K92 Mining Price Performance

KNTNF stock traded up $0.16 during trading hours on Tuesday, reaching $6.17. 97,633 shares of the stock were exchanged, compared to its average volume of 116,108. The firm’s 50-day moving average is $5.60 and its 200-day moving average is $5.43. K92 Mining has a 12 month low of $3.35 and a 12 month high of $6.31.

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.