Saurabh Handa Sells 125,000 Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNTGet Rating) Director Saurabh Handa sold 125,000 shares of the company’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of C$9.94, for a total transaction of C$1,242,500.00. Following the completion of the sale, the director now directly owns 170,000 shares in the company, valued at C$1,689,800.

Shares of CVE KNT opened at C$7.99 on Friday. The company’s fifty day moving average price is C$7.99 and its 200 day moving average price is 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 market capitalization of C$1.63 billion and a PE ratio of 32.48. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25.

KNT has been the topic of several recent research reports. National Bankshares upped their price objective on shares of K92 Mining Inc. (KNT.V) from C$11.75 to C$12.50 in a report on Friday, January 7th. Raymond James set a C$10.00 price target on shares of K92 Mining Inc. (KNT.V) and gave the stock an “outperform” rating in a report on Tuesday. Canaccord Genuity Group set a C$8.75 price target on shares of K92 Mining Inc. (KNT.V) and gave the stock a “speculative buy” rating in a report on Monday, January 31st. Finally, Scotiabank increased their price target on shares of K92 Mining Inc. (KNT.V) from C$8.75 to C$9.00 in a report on Thursday, February 24th.

About K92 Mining Inc. (KNT.V) (Get Rating)

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.

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