K92 Mining (TSE:KNT) Hits New 12-Month High – Here’s What Happened

K92 Mining Inc. (TSE:KNT)’s share price reached a new 52-week high during mid-day 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.

Analysts Set New Price Targets

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

K92 Mining Stock Up 2.1 %

The stock has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 26.56 and a beta of 1.07. The business has a 50-day moving average of C$10.20 and a 200-day moving average of C$9.27. The company has a debt-to-equity ratio of 12.66, a quick ratio of 3.15 and a current ratio of 2.83.

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.