K92 Mining (TSE:KNT) Hits New 1-Year High at $8.21

K92 Mining Inc. (TSE:KNT)’s share price reached a new 52-week high on Friday . The stock traded as high as C$8.21 and last traded at C$8.19, with a volume of 282625 shares changing hands. The stock had previously closed at C$8.06.

Analyst Upgrades and Downgrades

Separately, National Bank Financial downgraded shares of K92 Mining from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 15th.

K92 Mining Price Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.15 and a current ratio of 2.80. The company has a market cap of C$1.92 billion, a PE ratio of 44.78 and a beta of 1.02. The company’s 50-day simple moving average is C$7.70 and its 200 day simple moving average is C$6.97.

K92 Mining (TSE:KNT) last issued its quarterly earnings results on Monday, May 13th. The company reported C$0.01 EPS for the quarter, missing the consensus estimate of C$0.05 by C($0.04). K92 Mining had a net margin of 14.21% and a return on equity of 9.29%. The business had revenue of C$80.62 million during the quarter, compared to analysts’ expectations of C$77.68 million. On average, sell-side analysts predict that K92 Mining Inc. will post 0.1897386 earnings per share for the current fiscal year.

About K92 Mining

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.