K92 Mining Inc. (OTCMKTS:KNTNF – Get Free Report) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 6,874,100 shares, a decrease of 18.7% from the January 31st total of 8,454,000 shares. Based on an average daily volume of 194,800 shares, the days-to-cover ratio is presently 35.3 days.
K92 Mining Stock Performance
Shares of OTCMKTS:KNTNF traded down $0.01 on Wednesday, hitting $6.58. 557,117 shares of the company were exchanged, compared to its average volume of 137,805. The company’s 50 day moving average price is $6.73 and its two-hundred day moving average price is $6.38. K92 Mining has a one year low of $4.40 and a one year high of $7.50.
Wall Street Analyst Weigh In
Separately, TD Securities began coverage on shares of K92 Mining in a research report on Tuesday, February 4th. They set a “buy” rating on the stock.
About K92 Mining
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.
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