K92 Mining (TSE:KNT) Hits New 52-Week High at $7.74

K92 Mining Inc. (TSE:KNT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$7.74 and last traded at C$7.68, with a volume of 530416 shares. The stock had previously closed at C$7.44.

Analyst Upgrades and Downgrades

Separately, Pi Financial reiterated a “buy” rating on shares of K92 Mining in a research note on Wednesday, March 6th.

K92 Mining Stock Up 3.4 %

The company has a debt-to-equity ratio of 1.36, a current ratio of 3.08 and a quick ratio of 3.15. The firm has a market capitalization of C$1.81 billion, a P/E ratio of 40.47 and a beta of 1.05. The company’s 50-day simple moving average is C$6.63 and its two-hundred day simple moving average is C$6.19.

K92 Mining (TSE:KNT) last released its quarterly earnings results on Monday, April 1st. The company reported C$0.12 earnings per share for the quarter. The business had revenue of C$102.55 million for the quarter, compared to the consensus estimate of C$88.22 million. K92 Mining had a net margin of 16.56% and a return on equity of 10.05%. As a group, research analysts expect that K92 Mining Inc. will post 0.1494515 earnings per share for the current year.

About K92 Mining

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.