K92 Mining Inc. (KNT.V) (CVE:KNT) Insider Sells C$349,538.36 in Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) insider L1 Capital Pty Ltd. sold 44,698 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of C$7.82, for a total transaction of C$349,538.36.

K92 Mining Inc. (KNT.V) Price Performance

Shares of CVE:KNT opened at C$7.99 on Thursday. 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 50-day simple moving average of C$7.99 and a 200 day simple moving average of C$7.99. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week high of C$8.50. The company has a market cap of C$1.63 billion and a PE ratio of 32.48.

Analysts Set New Price Targets

KNT has been the subject of a number of analyst reports. Canaccord Genuity Group increased their price target on K92 Mining Inc. (KNT.V) from C$9.25 to C$10.00 in a report on Tuesday, July 23rd. Eight Capital raised their price target on shares of K92 Mining Inc. (KNT.V) from C$14.00 to C$16.00 in a research report on Thursday, October 17th. Scotiabank lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Cormark increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Finally, Stifel Nicolaus boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research report on Monday. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$11.58.

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.