K92 Mining (TSE:KNT) Trading 8.4% Higher – Should You Buy?

K92 Mining Inc. (TSE:KNT) traded up 8.4% during trading on Thursday . The stock traded as high as C$8.54 and last traded at C$8.51. 432,756 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 646,911 shares. The stock had previously closed at C$7.85.

K92 Mining Price Performance

The firm has a fifty day moving average of C$7.73 and a 200 day moving average of C$7.65. The company has a market capitalization of C$2.19 billion, a P/E ratio of 57.69 and a beta of 1.07. The company has a current ratio of 2.95, a quick ratio of 3.15 and a debt-to-equity ratio of 11.19.

K92 Mining (TSE:KNT) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.03. The business 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%. On average, equities research analysts anticipate 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.