K92 Mining (TSE:KNT) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of K92 Mining (TSE:KNT - Free Report) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Separately, TD Securities upgraded K92 Mining to a "strong-buy" rating in a research report on Tuesday, February 4th.

K92 Mining Price Performance

Shares of KNT traded up C$0.25 during mid-day trading on Wednesday, reaching C$12.06. 726,558 shares of the company's stock were exchanged, compared to its average volume of 608,948. K92 Mining has a 52-week low of C$6.15 and a 52-week high of C$12.14. 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 company has a 50-day simple moving average of C$10.20 and a two-hundred day simple moving average of C$9.27. The company has a market cap of C$2.03 billion, a price-to-earnings ratio of 26.56 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.