K92 Mining (TSE:KNT) Shares Up 0.4% – Still a Buy?

K92 Mining Inc. (TSE:KNT) traded up 0.4% during trading on Thursday . The company traded as high as C$10.26 and last traded at C$10.00. 548,766 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 571,564 shares. The stock had previously closed at C$9.96.

Wall Street Analysts Forecast Growth

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

K92 Mining Stock Performance

The stock has a market capitalization of C$1.70 billion, a P/E ratio of 22.31 and a beta of 1.07. 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 business has a fifty day moving average price of C$9.73 and a 200-day moving average price of C$8.97.

K92 Mining 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. 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.