K92 Mining (TSE:KNT) Trading Down 2% - Should You Sell?

K92 Mining Inc. (TSE:KNT - Get Free Report) traded down 2% on Friday . The stock traded as low as C$12.46 and last traded at C$12.68. 413,234 shares were traded during trading, a decline of 38% from the average session volume of 671,785 shares. The stock had previously closed at C$12.94.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stifel Canada upgraded K92 Mining to a "strong-buy" rating in a research note on Wednesday, March 19th. Ventum Cap Mkts raised shares of K92 Mining to a "strong-buy" rating in a report on Friday, May 9th. Finally, TD Securities raised shares of K92 Mining to a "strong-buy" rating in a report on Tuesday, February 4th.

K92 Mining Stock Down 2.0%

The company has a market capitalization of C$2.13 billion, a P/E ratio of 27.93 and a beta of 1.07. The company has a current ratio of 2.83, a quick ratio of 3.15 and a debt-to-equity ratio of 12.66. The stock has a 50 day moving average price of C$12.27 and a 200 day moving average price of C$10.40.

K92 Mining 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. The company's mineral properties include the Kainantu gold mine project that covers an area of approximately 836 square kilometers located in the Eastern Highlands province of Papua New Guinea; and the Blue Lake gold-copper porphyry deposit located in the southwest of the Kora and Judd intrusion.

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