Graham Wheelock Sells 42,198 Shares of K92 Mining Inc. (KNT.V) (CVE:KNT) Stock

K92 Mining Inc. (KNT.V) (CVE:KNT) Director Graham Wheelock sold 42,198 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of C$8.51, for a total value of C$359,189.38.

K92 Mining Inc. (KNT.V) Stock Performance

Shares of K92 Mining Inc. (KNT.V) stock opened at C$7.99 on Friday. K92 Mining Inc. has a 1-year low of C$1.55 and a 1-year high of C$8.50. The company’s fifty 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 current ratio of 3.25 and a quick ratio of 2.43. The stock has a market capitalization of C$1.63 billion and a PE ratio of 32.48.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KNT shares. BMO Capital Markets upped their price target on K92 Mining Inc. (KNT.V) from C$12.00 to C$14.00 in a report on Tuesday, October 29th. Cormark lifted their price target on shares of K92 Mining Inc. (KNT.V) from C$12.50 to C$14.00 in a research note on Friday, October 11th. Stifel Nicolaus increased their price objective on shares of K92 Mining Inc. (KNT.V) from C$15.00 to C$15.50 in a research report on Monday, October 21st. Scotiabank raised their target price on shares of K92 Mining Inc. (KNT.V) from C$9.50 to C$10.00 in a report on Thursday, November 21st. Finally, Raymond James boosted their target price on shares of K92 Mining Inc. (KNT.V) from C$11.00 to C$12.00 in a research note on Tuesday, January 7th.

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.