K92 Mining (TSE:KNT) Sets New 12-Month High – Still a Buy?

K92 Mining Inc. (TSE:KNT)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$11.80 and last traded at C$11.58, with a volume of 790174 shares changing hands. The stock had previously closed at C$11.62.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded shares of K92 Mining to a “strong-buy” rating in a report on Tuesday, February 4th.

K92 Mining Stock Performance

The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66. The stock has a market capitalization of C$1.95 billion, a price-to-earnings ratio of 25.51 and a beta of 1.07. The stock’s 50 day moving average is C$10.05 and its two-hundred day moving average is C$9.14.

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.