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

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K92 Mining Inc. (TSE:KNT - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$10.71 and last traded at C$10.70, with a volume of 670106 shares changing hands. The stock had previously closed at C$10.31.

Analyst Ratings Changes

Separately, TD Securities raised shares of K92 Mining to a "strong-buy" rating in a research note on Tuesday, February 4th.

View Our Latest Stock Report on K92 Mining

K92 Mining Price Performance

The stock has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 25.60 and a beta of 1.07. The business has a 50-day simple moving average of C$9.93 and a two-hundred day simple moving average of C$9.08. The company has a quick ratio of 3.15, a current ratio of 2.83 and a debt-to-equity ratio of 12.66.

About K92 Mining

(Get Free Report)

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.

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