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

K92 Mining Inc. (TSE:KNT)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$16.07 and last traded at C$15.48, with a volume of 159144 shares traded. The stock had previously closed at C$15.67.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Ventum Cap Mkts upgraded shares of K92 Mining to a “strong-buy” rating in a report on Friday, May 9th. Stifel Canada upgraded K92 Mining to a “strong-buy” rating in a research note on Wednesday, March 19th.

K92 Mining Trading Down 1.1%

The company has a market capitalization of C$2.61 billion, a P/E ratio of 34.12 and a beta of 1.07. The company has a 50-day simple moving average of C$13.10 and a 200 day simple moving average of C$11.02. The company has a debt-to-equity ratio of 12.66, a quick ratio of 3.15 and a current ratio of 2.83.

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.