Shares of K92 Mining Inc. (OTCMKTS:KNTNF – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $18.77 and traded as high as $18.9795. K92 Mining shares last traded at $18.8660, with a volume of 87,095 shares changing hands.
K92 Mining Stock Performance
The company’s 50 day moving average price is $19.75 and its two-hundred day moving average price is $18.77.
K92 Mining Company Profile
K92 Mining Inc is a Canada-based mineral exploration and mining company focused on the discovery, development and production of gold, copper and silver. Its primary asset is the Kainantu Gold Mine in Papua New Guinea’s Eastern Highlands Province, where the company operates an underground mining and processing complex.
The Kainantu operation produces gold-copper concentrates from high-grade underground deposits, including the Kora and Judd vein systems. K92 is also conducting exploration and development work in the surrounding Kainantu district, with the goal of expanding mineral resources, extending mine life and increasing processing capacity.
K92 acquired the Kainantu project in 2014 and restarted commercial production in 2018 after refurbishing and commissioning the mine and processing facilities.
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