K92 Mining Inc. (KNT.V) (CVE:KNT) Given New C$10.00 Price Target at Scotiabank

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target increased by stock analysts at Scotiabank from C$9.50 to C$10.00 in a report issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 25.16% from the company’s previous close.

Several other research firms also recently weighed in on KNT. Eight Capital raised their target price on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday, October 17th. Cormark lifted their price objective on K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. BMO Capital Markets lifted their target price on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a report on Tuesday, October 29th. Finally, Stifel Nicolaus lifted their target price on K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a report on Monday, October 21st.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT stock remained flat at C$7.99 on Thursday. The company had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. The company has a quick ratio of 2.43, a current ratio of 3.25 and a debt-to-equity ratio of 4.93. The business has a 50 day moving average of C$7.99 and a two-hundred day moving average of C$7.99. The company has a market cap of C$1.63 billion and a PE ratio of 32.48. K92 Mining Inc. has a 52-week low of C$1.55 and a 52-week high of C$8.50.

Insider Buying and Selling

In other K92 Mining Inc. (KNT.V) news, insider L1 Capital Pty Ltd. sold 44,698 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of C$7.82, for a total transaction of C$349,538.36.

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.