K92 Mining Inc. (KNT.V) (CVE:KNT) Director Sells C$206,542.88 in Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Director Saurabh Handa sold 21,459 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of C$9.63, for a total value of C$206,542.88.

K92 Mining Inc. (KNT.V) Price Performance

Shares of KNT opened at C$7.99 on Wednesday. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. K92 Mining Inc. has a 52 week low of C$1.55 and a 52 week high of C$8.50. The stock has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48. The stock has a fifty day moving average of C$7.99 and a 200-day moving average of C$7.99.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KNT. Stifel Nicolaus increased their target price on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a report on Monday, October 21st. BMO Capital Markets increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research note on Tuesday, October 29th. Eight Capital boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday, October 17th. Cormark lifted their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Finally, Royal Bank of Canada upped their target price on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research note on Friday, December 6th.

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.