Shares of K92 Mining Inc (CVE:KNT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$1.06 and last traded at C$1.06, with a volume of 1080838 shares traded. The stock had previously closed at C$0.97.
Separately, Pi Financial cut their price objective on K92 Mining from C$2.10 to C$2.00 and set a “buy” rating for the company in a report on Friday, September 28th.
The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 17.95.
K92 Mining (CVE:KNT) last posted its earnings results on Monday, November 26th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$12.27 million during the quarter. Equities analysts expect that K92 Mining Inc will post 0.25 EPS for the current year.
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K92 Mining Company Profile (CVE:KNT)
K92 Mining Inc engages in the exploration, development, and mining of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver concentrates. Its principal property is the Kainantu gold mine that includes the Irumafimpa and Kora deposits covering an area of approximately 410 square kilometers located in the Eastern Highlands province.
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