K92 Mining (OTCMKTS:KNTNF) Shares Up 0.4% – Still a Buy?

K92 Mining Inc. (OTCMKTS:KNTNF) shares were up 0.4% during mid-day trading on Tuesday . The company traded as high as $16.2775 and last traded at $16.11. Approximately 108,207 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 153,669 shares. The stock had previously closed at $16.0401.

Analysts Set New Price Targets

Several brokerages have commented on KNTNF. Raymond James Financial reissued an “outperform” rating on shares of K92 Mining in a research report on Friday, October 10th. Royal Bank Of Canada reissued an “outperform” rating on shares of K92 Mining in a research report on Tuesday, October 28th. Finally, Scotiabank reissued an “outperform” rating on shares of K92 Mining in a research note on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

K92 Mining Stock Up 0.4%

The business has a 50 day moving average price of $13.95 and a 200 day moving average price of $12.23.

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.