K92 Mining (TSE:KNT) Hits New 1-Year High at $8.21

K92 Mining Inc. (TSE:KNT) hit a new 52-week high on Friday . The stock traded as high as C$8.21 and last traded at C$8.19, with a volume of 282625 shares traded. The stock had previously closed at C$8.06.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial cut K92 Mining from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 15th.

K92 Mining Stock Up 0.6 %

The company has a 50 day simple moving average of C$7.70 and a two-hundred day simple moving average of C$6.97. The company has a quick ratio of 3.15, a current ratio of 2.80 and a debt-to-equity ratio of 0.94. The company has a market capitalization of C$1.92 billion, a P/E ratio of 44.78 and a beta of 1.02.

K92 Mining (TSE:KNT) last issued its quarterly earnings data on Monday, May 13th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.05 by C($0.04). K92 Mining had a return on equity of 9.29% and a net margin of 14.21%. The company had revenue of C$80.62 million for the quarter, compared to the consensus estimate of C$77.68 million. As a group, equities analysts predict that K92 Mining Inc. will post 0.1897386 EPS 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.