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K92 Mining (TSE:KNT) Trading 1.1% Higher - Here's What Happened

K92 Mining logo with Basic Materials background

K92 Mining Inc. (TSE:KNT - Get Free Report)'s stock price shot up 1.1% during trading on Friday . The company traded as high as C$8.56 and last traded at C$8.51. 372,631 shares traded hands during trading, a decline of 44% from the average session volume of 669,691 shares. The stock had previously closed at C$8.42.

K92 Mining Price Performance

The company has a quick ratio of 3.15, a current ratio of 2.95 and a debt-to-equity ratio of 11.19. The firm's fifty day moving average price is C$9.05 and its 200 day moving average price is C$8.27. The stock has a market cap of C$2.02 billion, a PE ratio of 50.06 and a beta of 1.07.

K92 Mining Company Profile

(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.

Further Reading

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