K92 Mining Inc. (OTCMKTS:KNTNF – Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 6,874,100 shares, a decrease of 18.7% from the January 31st total of 8,454,000 shares. Based on an average daily volume of 194,800 shares, the days-to-cover ratio is currently 35.3 days.
K92 Mining Trading Down 0.5 %
KNTNF opened at $6.59 on Tuesday. K92 Mining has a 52-week low of $4.30 and a 52-week high of $7.50. The business’s 50-day simple moving average is $6.71 and its 200 day simple moving average is $6.37.
Wall Street Analyst Weigh In
Separately, TD Securities started coverage on shares of K92 Mining in a research note on Tuesday, February 4th. They issued a “buy” rating on the stock.
About K92 Mining
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.
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