K92 Mining (TSE:KNT) Trading 1.1% Higher – Here’s What Happened

K92 Mining Inc. (TSE:KNTGet Free Report) was up 1.1% during trading on Friday . The stock traded as high as C$8.56 and last traded at C$8.51. Approximately 372,631 shares traded hands during trading, a decline of 44% from the average daily volume of 669,691 shares. The stock had previously closed at C$8.42.

K92 Mining Stock Performance

The stock’s 50-day simple moving average is C$9.05 and its 200 day simple moving average is C$8.27. The company has a market capitalization of C$2.02 billion, a PE ratio of 50.06 and a beta of 1.07. The company has a debt-to-equity ratio of 11.19, a quick ratio of 3.15 and a current ratio of 2.95.

K92 Mining Company Profile

(Get Free Report)

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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