National Bankshares Forecasts Strong Price Appreciation for K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) had its price target increased by National Bankshares from C$11.75 to C$12.75 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other brokerages also recently weighed in on KNT. Royal Bank of Canada upped 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. Scotiabank upped their target price on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research report on Wednesday, January 15th. Finally, Raymond James upped their target price on K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research report on Tuesday, January 7th.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of CVE:KNT opened at C$7.99 on Wednesday. K92 Mining Inc. has a 12 month low of C$1.55 and a 12 month high of C$8.50. 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 debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. The firm has a market capitalization of C$1.63 billion and a PE ratio of 32.48.

Insider Activity at K92 Mining Inc. (KNT.V)

In related news, Senior Officer Nancy Carol La Couvee sold 20,000 shares of the stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$9.81, for a total value of C$196,200.00. Also, Director Graham Wheelock sold 42,198 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of C$8.51, for a total value of C$359,189.38. Over the last 90 days, insiders sold 241,196 shares of company stock valued at $2,273,694.

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.