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

K92 Mining Inc. (TSE:KNT) hit a new 52-week high on Monday . The stock traded as high as C$21.43 and last traded at C$20.88, with a volume of 81074 shares changing hands. The stock had previously closed at C$21.09.

Analyst Upgrades and Downgrades

Separately, Desjardins raised shares of K92 Mining to a “moderate buy” rating in a research note on Thursday. Four analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

K92 Mining Stock Down 2.5%

The company has a debt-to-equity ratio of 12.66, a current ratio of 2.83 and a quick ratio of 3.15. The stock has a market cap of C$5.01 billion, a price-to-earnings ratio of 19.97 and a beta of 0.95. The firm has a 50 day simple moving average of C$18.52 and a two-hundred day simple moving average of C$16.29.

K92 Mining (TSE:KNT) last announced its quarterly earnings results on Monday, November 10th. The company reported C$0.35 EPS for the quarter. The company had revenue of C$247.22 million during the quarter. K92 Mining had a return on equity of 20.37% and a net margin of 24.76%. As a group, sell-side analysts expect that K92 Mining Inc. will post 0.7321867 EPS for the current year.

Insider Buying and Selling

In other K92 Mining news, Director Cyndi Dianna Laval sold 9,400 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of C$17.63, for a total value of C$165,722.00. Following the sale, the director directly owned 170,994 shares in the company, valued at approximately C$3,014,624.22. This trade represents a 5.21% decrease in their ownership of the stock. Insiders own 2.53% of the company’s stock.

About K92 Mining

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.