Clarus Securities reissued their buy rating on shares of K92 Mining (CVE:KNT) in a report released on Wednesday, Zacks.com reports.
Separately, Pi Financial upped their price objective on K92 Mining from C$2.25 to C$3.00 in a report on Friday.
KNT traded down C$0.02 during trading hours on Wednesday, reaching C$2.42. The company’s stock had a trading volume of 255,600 shares, compared to its average volume of 440,715. K92 Mining has a fifty-two week low of C$0.67 and a fifty-two week high of C$2.67. The stock has a market cap of $498.25 million and a PE ratio of 11.63. The business has a 50-day moving average of C$2.13. The company has a current ratio of 2.13, a quick ratio of 1.35 and a debt-to-equity ratio of 6.58.
K92 Mining (CVE:KNT) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$31.90 million during the quarter. As a group, sell-side analysts anticipate that K92 Mining will post 0.48 earnings per share for the current fiscal year.
In related news, Director Mark Price Eaton sold 90,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$1.54, for a total value of C$138,600.00. Following the transaction, the director now directly owns -40,000 shares in the company, valued at C($61,600).
K92 Mining Company Profile
K92 Mining Inc engages in the exploration, development, and mining of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver concentrates. Its principal property is the Kainantu gold mine that includes the Irumafimpa and Kora deposits covering an area of approximately 410 square kilometers located in the Eastern Highlands province.
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