K92 Mining (TSE:KNT) Sets New 52-Week High – Should You Buy?

K92 Mining Inc. (TSE:KNTGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$9.96 and last traded at C$9.94, with a volume of 421931 shares traded. The stock had previously closed at C$8.65.

K92 Mining Trading Up 2.6 %

The stock has a 50-day moving average price of C$8.98 and a two-hundred day moving average price of C$8.36. The stock has a market capitalization of C$2.44 billion, a PE ratio of 60.53 and a beta of 1.07. The company has a debt-to-equity ratio of 11.19, a quick ratio of 3.15 and a current ratio of 2.95.

About K92 Mining

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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.

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