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

Shares of K92 Mining Inc. (TSE:KNT) hit a new 52-week high on Friday . The stock traded as high as C$9.37 and last traded at C$9.37, with a volume of 160477 shares. The stock had previously closed at C$9.15.

K92 Mining Stock Performance

The stock’s 50-day moving average price is C$7.70 and its 200-day moving average price is C$7.64. The company has a current ratio of 2.95, a quick ratio of 3.15 and a debt-to-equity ratio of 11.19. The company has a market capitalization of C$2.18 billion, a P/E ratio of 57.19 and a beta of 1.07.

K92 Mining (TSE:KNT) last released its earnings results on Tuesday, August 13th. The company reported C$0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.03. The company had revenue of C$65.39 million during the quarter, compared to the consensus estimate of C$78.48 million. K92 Mining had a return on equity of 8.25% and a net margin of 13.24%. As a group, equities analysts expect that K92 Mining Inc. will post 0.6641729 EPS for the current year.

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.