K92 Mining Inc. (KNT.V) (CVE:KNT) Price Target Raised to C$11.00

K92 Mining Inc. (KNT.V) (CVE:KNT) had its target price raised by Scotiabank from C$10.00 to C$11.00 in a research report issued on Wednesday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 37.67% from the company’s current price.

KNT has been the topic of several other reports. BMO Capital Markets boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a research report on Tuesday, October 29th. Cormark boosted their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a report on Friday, October 11th. Stifel Nicolaus increased their target price on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a report on Monday, October 21st. Royal Bank of Canada boosted their price target on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research note on Friday, December 6th. Finally, Eight Capital raised their price objective on K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research note on Thursday, October 17th.

K92 Mining Inc. (KNT.V) Price Performance

Shares of KNT stock remained flat at C$7.99 during trading hours on Wednesday. The stock had a trading volume of 337,797 shares, compared to its average volume of 1,128,356. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. The business’s 50-day simple moving average is C$7.99 and its 200 day simple moving average is C$7.99. The firm has a market cap of C$1.63 billion and a P/E ratio of 32.48. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week high of C$8.50.

Insider Buying and Selling

In related news, Senior Officer Christopher James Muller sold 18,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$9.80, for a total transaction of C$185,220.00. Also, Director Mark Price Eaton sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$9.42, for a total transaction of C$376,600.00. Insiders sold 196,755 shares of company stock worth $1,798,933 in the last ninety days.

K92 Mining Inc. (KNT.V) 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. 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.