K92 Mining (OTCMKTS:KNTNF) Shares Up 3.5% – Still a Buy?

K92 Mining Inc. (OTCMKTS:KNTNF) shares were up 3.5% during trading on Tuesday . The stock traded as high as $18.49 and last traded at $18.2470. Approximately 46,314 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 149,968 shares. The stock had previously closed at $17.63.

Wall Street Analyst Weigh In

Several research analysts have commented on KNTNF shares. BMO Capital Markets reiterated an “outperform” rating on shares of K92 Mining in a report on Tuesday, January 27th. Scotiabank restated an “outperform” rating on shares of K92 Mining in a report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, K92 Mining has an average rating of “Buy”.

K92 Mining Trading Up 3.5%

The firm’s fifty day moving average is $18.07 and its 200 day moving average is $17.93.

About K92 Mining

K92 Mining Inc is a Canada-based gold and silver mining company focused on the development and production of high-grade mineral resources at its flagship Kainantu Project in Papua New Guinea. The company’s core activities include open-pit and underground mining, ore processing and metallurgical recovery of gold, silver and copper concentrates. K92’s operations utilize modern mining techniques and state-of-the-art processing facilities to optimize recovery rates and cost efficiencies.

The Kainantu Project was acquired in 2015 and reached commercial production in 2017, quickly earning a reputation for some of the highest-grade gold-silver intercepts globally.