K92 Mining Inc. (KNT.V) (CVE:KNT) Senior Officer David Gregory Medilek Sells 175,000 Shares

K92 Mining Inc. (KNT.V) (CVE:KNT) Senior Officer David Gregory Medilek sold 175,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of C$7.48, for a total transaction of C$1,309,227.50.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of KNT opened at C$7.99 on Friday. The company has a debt-to-equity ratio of 4.93, a current ratio of 3.25 and a quick ratio of 2.43. 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 50 day simple moving average of C$7.99 and a two-hundred day simple moving average of C$7.99. The firm has a market cap of C$1.63 billion and a P/E ratio of 32.48.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on KNT shares. National Bankshares lowered their price objective on shares of K92 Mining Inc. (KNT.V) from C$9.25 to C$8.50 in a research note on Monday, February 26th. Pi Financial increased their target price on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$13.00 in a report on Wednesday, March 6th. Canaccord Genuity Group increased their target price on shares of K92 Mining Inc. (KNT.V) from C$8.50 to C$9.25 in a report on Tuesday, April 23rd. Raymond James increased their target price on shares of K92 Mining Inc. (KNT.V) from C$8.25 to C$9.00 in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus increased their target price on shares of K92 Mining Inc. (KNT.V) from C$10.00 to C$11.00 in a report on Wednesday, April 3rd. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target 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.