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

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

Analyst Ratings Changes

Several research firms have recently weighed in on KNTNF. BMO Capital Markets restated an “outperform” rating on shares of K92 Mining in a research report on Tuesday, January 27th. Scotiabank restated an “outperform” rating on shares of K92 Mining in a research report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

K92 Mining Stock Performance

The company’s 50-day moving average price is $18.07 and its two-hundred day moving average price 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.