K92 Mining (OTCMKTS:KNTNF) Trading Down 2.5% – Time to Sell?

K92 Mining Inc. (OTCMKTS:KNTNF) dropped 2.5% during mid-day trading on Tuesday . The stock traded as low as $19.36 and last traded at $20.0674. Approximately 118,429 shares traded hands during trading, a decline of 39% from the average daily volume of 194,027 shares. The stock had previously closed at $20.5750.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KNTNF. Royal Bank Of Canada reissued an “outperform” rating on shares of K92 Mining in a research report on Tuesday, January 13th. Scotiabank reiterated an “outperform” rating on shares of K92 Mining in a report on Monday, January 26th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of K92 Mining in a research report on Tuesday, January 27th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy”.

K92 Mining Price Performance

The stock has a 50-day moving average price of $18.38 and a two-hundred day moving average price of $14.63.

K92 Mining Company Profile

K92 Mining Inc is a Canada-based gold and silver mining company focused on the development and production of high-grade mineral resources at its flagship Kainantu Project in Papua New Guinea. The company’s core activities include open-pit and underground mining, ore processing and metallurgical recovery of gold, silver and copper concentrates. K92’s operations utilize modern mining techniques and state-of-the-art processing facilities to optimize recovery rates and cost efficiencies.

The Kainantu Project was acquired in 2015 and reached commercial production in 2017, quickly earning a reputation for some of the highest-grade gold-silver intercepts globally.