K92 Mining (TSE:KNT) Hits New 52-Week High – What’s Next?

K92 Mining Inc. (TSE:KNT)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$10.71 and last traded at C$10.55, with a volume of 522308 shares trading hands. The stock had previously closed at C$10.47.

Analysts Set New Price Targets

Separately, TD Securities upgraded K92 Mining to a “strong-buy” rating in a report on Tuesday, February 4th.

K92 Mining Stock Performance

The stock has a market capitalization of C$2.51 billion, a PE ratio of 62.06 and a beta of 1.07. The stock has a fifty day moving average of C$9.41 and a 200-day moving average of C$8.68. The company has a quick ratio of 3.15, a current ratio of 2.95 and a debt-to-equity ratio of 11.19.

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.