Scotiabank Issues Positive Forecast for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock Price

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price boosted by Scotiabank from C$9.50 to C$10.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. Eight Capital raised their price objective on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research note on Thursday, October 17th. Stifel Nicolaus raised their price objective on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research note on Monday, October 21st. BMO Capital Markets raised their price objective on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research note on Tuesday, October 29th. Finally, Cormark raised their price objective on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th.

K92 Mining Inc. (KNT.V) Price Performance

KNT opened at C$7.99 on Thursday. The stock has a market cap of C$1.63 billion and a PE ratio of 32.48. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 week high of C$8.50. The business’s fifty day simple moving average is C$7.99 and its 200 day simple moving average is C$7.99.

Insider Transactions at K92 Mining Inc. (KNT.V)

In related news, insider L1 Capital Pty Ltd. sold 44,698 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$7.82, for a total transaction of C$349,538.36.

About K92 Mining Inc. (KNT.V)

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. The company is headquartered in Vancouver, Canada.