K92 Mining (OTCMKTS:KNTNF) Shares Up 4.8% – Should You Buy?

Shares of K92 Mining Inc. (OTCMKTS:KNTNF) were up 4.8% on Monday . The stock traded as high as $13.93 and last traded at $13.93. Approximately 114,905 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 155,685 shares. The stock had previously closed at $13.2860.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on KNTNF shares. Raymond James Financial reissued an “outperform” rating on shares of K92 Mining in a research note on Friday, October 10th. Scotiabank reaffirmed an “outperform” rating on shares of K92 Mining in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of K92 Mining in a report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

K92 Mining Stock Performance

The stock’s 50-day moving average price is $12.98 and its 200-day moving average price is $11.62.

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.