K92 Mining Inc. (KNT.V) (CVE:KNT) Insider Sells C$349,538.36 in Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) insider L1 Capital Pty Ltd. sold 44,698 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of C$7.82, for a total value of C$349,538.36.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Wednesday. The company has a market capitalization of C$1.63 billion and a PE ratio of 32.48. K92 Mining Inc. has a 12 month low of C$1.55 and a 12 month high of C$8.50. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93. The stock’s fifty day simple moving average is C$7.99 and its 200 day simple moving average is C$7.99.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KNT shares. Eight Capital increased their price objective on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday, October 17th. Cormark increased their price objective on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research report on Friday, October 11th. Canaccord Genuity Group increased their price objective on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a research report on Tuesday, July 23rd. Scotiabank increased their price objective on K92 Mining Inc. (KNT.V) from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus increased their price objective on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research report on Monday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, K92 Mining Inc. (KNT.V) has an average rating of “Moderate Buy” and a consensus target price of C$11.58.

K92 Mining Inc. (KNT.V) Company Profile

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. The company is headquartered in Vancouver, Canada.