K92 Mining (TSE:KNT) Shares Up 0.4% – Still a Buy?

K92 Mining Inc. (TSE:KNT)’s share price shot up 0.4% during trading on Thursday . The company traded as high as C$10.26 and last traded at C$10.00. 548,766 shares were traded during trading, a decline of 4% from the average session volume of 571,564 shares. The stock had previously closed at C$9.96.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded K92 Mining to a “strong-buy” rating in a report on Tuesday, February 4th.

K92 Mining Stock Performance

The company has a market capitalization of C$1.70 billion, a PE ratio of 22.31 and a beta of 1.07. The company has a 50 day moving average of C$9.73 and a two-hundred day moving average of C$8.97. The company has a debt-to-equity ratio of 12.66, a current ratio of 2.83 and a quick ratio of 3.15.

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.