K92 Mining Inc. (KNT.V) (CVE:KNT) Insider Sells C$349,538.36 in Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) insider L1 Capital Pty Ltd. sold 44,698 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of C$7.82, for a total transaction of C$349,538.36.

K92 Mining Inc. (KNT.V) Stock Performance

K92 Mining Inc. (KNT.V) stock remained flat at C$7.99 during midday trading on Monday. The company’s stock had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. The firm has a market cap of C$1.63 billion and a PE ratio of 32.48. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. K92 Mining Inc. has a 1 year low of C$1.55 and a 1 year high of C$8.50. The firm’s 50 day moving average is C$7.99 and its 200-day moving average is C$7.99.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KNT. Cormark increased their target price on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Scotiabank increased their price target on K92 Mining Inc. (KNT.V) from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research report on Thursday. Eight Capital lifted their price objective on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday. Stifel Nicolaus upped their target price on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research report on Monday. Finally, Canaccord Genuity Group raised their price target on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, K92 Mining Inc. (KNT.V) has an average rating of “Moderate Buy” and a consensus target price of C$11.58.

K92 Mining Inc. (KNT.V) 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. 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.