K92 Mining Inc. (KNT.V) (CVE:KNT) Director Saurabh Handa Sells 89,240 Shares

K92 Mining Inc. (KNT.V) (CVE:KNT) Director Saurabh Handa sold 89,240 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of C$7.51, for a total transaction of C$670,192.40.

K92 Mining Inc. (KNT.V) Price Performance

K92 Mining Inc. (KNT.V) stock remained flat at C$7.99 during mid-day trading on Thursday. 337,797 shares of the company’s stock were exchanged, compared to its average volume of 1,128,356. The firm has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. K92 Mining Inc. has a 12 month low of C$1.55 and a 12 month high of C$8.50. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. The stock’s fifty day simple moving average is C$7.99 and its two-hundred day simple moving average is C$7.99.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research note on Wednesday, April 3rd. Canaccord Genuity Group increased their price target on shares of K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a research note on Tuesday. National Bankshares dropped their price target on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research note on Monday, February 26th. Raymond James increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research report on Tuesday. Finally, Pi Financial increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research report on Wednesday, March 6th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$9.98.

K92 Mining Inc. (KNT.V) 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. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. The company is headquartered in Vancouver, Canada.