Insider Selling: K92 Mining Inc. (KNT.V) (CVE:KNT) Director Sells C$672,421.86 in Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Director John Lewins sold 68,700 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of C$9.79, for a total value of C$672,421.86.

K92 Mining Inc. (KNT.V) Stock Performance

CVE:KNT opened at C$7.99 on Monday. The stock has a 50-day moving average price of C$7.99 and a 200 day moving average price of C$7.99. The stock has a market capitalization of C$1.63 billion and a P/E ratio of 32.48. K92 Mining Inc. has a 12-month low of C$1.55 and a 12-month high of C$8.50. The company has a current ratio of 3.25, a quick ratio of 2.43 and a debt-to-equity ratio of 4.93.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Raymond James upped their price target on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research report on Tuesday, January 7th. Scotiabank boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, January 15th. Cormark raised their target price on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th. Eight Capital boosted their price target on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price objective on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research note on Friday, December 6th.

About K92 Mining Inc. (KNT.V)

K92 Mining Inc engages in the mining, exploration, and development of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver. Its principal property is the Kainantu property that covers an area of 725 square kilometers located in the Eastern Highlands province. The company is headquartered in Vancouver, Canada.