K92 Mining (TSE:KNT) Sets New 52-Week High – Time to Buy?

Shares of K92 Mining Inc. (TSE:KNT) reached a new 52-week high on Thursday . The company traded as high as C$9.67 and last traded at C$9.65, with a volume of 504208 shares changing hands. The stock had previously closed at C$8.94.

K92 Mining Stock Performance

The business has a fifty day simple moving average of C$7.83 and a two-hundred day simple moving average of C$7.73. The company has a quick ratio of 3.15, a current ratio of 2.95 and a debt-to-equity ratio of 11.19. The company has a market cap of C$2.27 billion, a P/E ratio of 55.71 and a beta of 1.07.

K92 Mining (TSE:KNT) last posted its earnings results on Tuesday, August 13th. The company reported C$0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.03. The company had revenue of C$65.39 million for 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%. On average, sell-side analysts anticipate that K92 Mining Inc. will post 0.7321867 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.