K92 Mining (TSE:KNT) Sets New 1-Year High – Here’s Why

K92 Mining Inc. (TSE:KNT)’s share price reached a new 52-week high on Friday . The stock traded as high as C$12.92 and last traded at C$12.70, with a volume of 163369 shares traded. The stock had previously closed at C$12.24.

Analyst Ratings Changes

KNT has been the topic of several analyst reports. Stifel Canada upgraded K92 Mining to a “strong-buy” rating in a report on Wednesday, March 19th. TD Securities raised K92 Mining to a “strong-buy” rating in a research report on Tuesday, February 4th.

K92 Mining Stock Performance

The company’s 50-day moving average price is C$10.90 and its 200 day moving average price is C$9.70. The stock has a market capitalization of C$2.13 billion, a PE ratio of 27.93 and a beta of 1.07. 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.