K92 Mining (TSE:KNT) Sets New 1-Year High - Here's Why

K92 Mining Inc. (TSE:KNT - Get Free Report)'s share price reached a new 52-week high on Thursday . The stock traded as high as C$13.58 and last traded at C$13.25, with a volume of 1091893 shares traded. The stock had previously closed at C$12.90.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. TD Securities upgraded shares of K92 Mining to a "strong-buy" rating in a research report on Tuesday, February 4th. Stifel Canada upgraded K92 Mining to a "strong-buy" rating in a report on Wednesday, March 19th.

K92 Mining Price Performance

The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66. The stock has a 50-day simple moving average of C$11.21 and a 200 day simple moving average of C$9.92. The stock has a market capitalization of C$2.19 billion, a price-to-earnings ratio of 28.64 and a beta of 1.07.

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.