Insider Selling: K92 Mining Inc. (KNT.V) (CVE:KNT) Director Sells 89,240 Shares of Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Director Saurabh Handa sold 89,240 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of C$7.51, for a total value of C$670,192.40.

K92 Mining Inc. (KNT.V) Price Performance

Shares of KNT stock opened at C$7.99 on Friday. The stock’s 50-day simple moving average is C$7.99 and its 200-day simple moving average is C$7.99. The company has a debt-to-equity ratio of 4.93, a quick ratio of 2.43 and a current ratio of 3.25. The firm has a market capitalization of C$1.63 billion and a PE ratio of 32.48. K92 Mining Inc. has a fifty-two week low of C$1.55 and a fifty-two week high of C$8.50.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KNT. Pi Financial upped their price objective on K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a research note on Wednesday, March 6th. Stifel Nicolaus upped their price objective on K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a research note on Wednesday, April 3rd. National Bankshares decreased their price objective on K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research note on Monday, February 26th. Raymond James upped their price objective on K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a research note on Tuesday. Finally, Canaccord Genuity Group upped their price objective on K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a research note on Tuesday. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$9.98.

About K92 Mining Inc. (KNT.V)

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.