K92 Mining (TSE:KNT) Sets New 1-Year High – Time to Buy?

K92 Mining Inc. (TSE:KNT) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$16.53 and last traded at C$16.31, with a volume of 619734 shares changing hands. The stock had previously closed at C$16.21.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised shares of K92 Mining to a “strong-buy” rating in a report on Wednesday, July 9th. Four investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

K92 Mining Trading Up 3.0%

The company has a quick ratio of 3.15, a current ratio of 2.83 and a debt-to-equity ratio of 12.66. The stock’s 50 day moving average price is C$15.12 and its 200-day moving average price is C$13.67. The stock has a market capitalization of C$4.05 billion, a P/E ratio of 19.22 and a beta of 0.45.

K92 Mining Company Profile

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.