Insider Selling: K92 Mining Inc. (KNT.V) (CVE:KNT) Director Sells 225,000 Shares of Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Director Cyndi Dianna Laval sold 225,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of C$7.67, for a total value of C$1,725,075.00.

K92 Mining Inc. (KNT.V) Price Performance

K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Tuesday. The company has a market cap of C$1.63 billion and a price-to-earnings ratio of 32.48. The business’s 50 day simple moving average is C$7.99 and its 200 day simple moving average is C$7.99. 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.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. National Bankshares lowered K92 Mining Inc. (KNT.V) from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$9.00 to C$9.25 in a report on Thursday, May 16th. Pi Financial boosted their price objective on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a report on Wednesday, March 6th. Canaccord Genuity Group boosted their price objective on K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a report on Tuesday, April 23rd. Raymond James boosted their price objective on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus boosted their price objective on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, K92 Mining Inc. (KNT.V) currently has an average rating of “Buy” and an average target price of C$10.10.

About K92 Mining Inc. (KNT.V)

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.