Insider Selling: K92 Mining Inc. (KNT.V) (CVE:KNT) Director Sells 89,240 Shares of Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Director Saurabh Handa sold 89,240 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of C$7.51, for a total transaction of C$670,192.40.

K92 Mining Inc. (KNT.V) Price Performance

KNT stock opened at C$7.99 on Friday. The firm has a market cap of C$1.63 billion and a PE ratio of 32.48. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. The firm’s 50 day moving average price is C$7.99 and its 200-day moving average price is C$7.99. K92 Mining Inc. has a one year low of C$1.55 and a one year high of C$8.50.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KNT shares. National Bankshares decreased their target price on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research note on Monday, February 26th. Canaccord Genuity Group raised their target price on shares of K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a research note on Tuesday. Stifel Nicolaus raised their target price on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research note on Wednesday, April 3rd. Raymond James lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research report on Tuesday. Finally, Pi Financial lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research report on Wednesday, March 6th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$9.98.

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.