Insider Selling: K92 Mining Inc. (KNT.V) (CVE:KNT) Director Sells 34,081 Shares of Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Director Mark Price Eaton sold 34,081 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of C$12.16, for a total transaction of C$414,322.72.

Mark Price Eaton also recently made the following trade(s):

• On Monday, January 6th, Mark Price Eaton sold 29,198 shares of K92 Mining Inc. (KNT.V) stock. The stock was sold at an average price of C$8.60, for a total value of C$251,102.80.

K92 Mining Inc. (KNT.V) Price Performance

KNT remained flat at C$7.99 on Monday. 337,797 shares of the company traded hands, compared to its average volume of 1,128,356. The company has a 50 day moving average of C$7.99 and a 200-day moving average of C$7.99. K92 Mining Inc. has a 1-year low of C$1.55 and a 1-year high of C$8.50. 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 firm has a market capitalization of C$1.63 billion and a price-to-earnings ratio of 32.48.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KNT. Royal Bank of Canada increased their target price on K92 Mining Inc. (KNT.V) from C$12.00 to C$13.00 in a research report on Friday, December 6th. National Bankshares lifted their price target on K92 Mining Inc. (KNT.V) from C$11.75 to C$12.75 and gave the stock a “sector perform” rating in a research note on Wednesday, March 19th. Raymond James boosted their price objective 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 increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a report on Wednesday, January 15th. Finally, Stifel Nicolaus set a C$17.50 price objective on shares of K92 Mining Inc. (KNT.V) and gave the company a “buy” rating in a research note on Wednesday, March 19th.

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.