K92 Mining Inc (CVE:KNT) traded down 5.6% on Thursday . The company traded as low as C$1.01 and last traded at C$1.02. 123,406 shares were traded during mid-day trading, a decline of 67% from the average session volume of 379,300 shares. The stock had previously closed at C$1.08.
Separately, Pi Financial lowered their price objective on shares of K92 Mining from C$2.10 to C$2.00 and set a “buy” rating for the company in a report on Friday, September 28th.
The company has a quick ratio of 0.52, a current ratio of 0.82 and a debt-to-equity ratio of 17.95.
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K92 Mining Company Profile (CVE:KNT)
K92 Mining Inc engages in the exploration, development, and mining of mineral deposits in Papua New Guinea. The company produces gold, copper, and silver concentrates. Its principal property is the Kainantu gold mine that includes the Irumafimpa and Kora deposits covering an area of approximately 410 square kilometers located in the Eastern Highlands province.
See Also: Certificate of Deposit (CD)
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