K92 Mining: Time To Book Some Profits

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About: K92 Mining Inc. (KNTNF)
by: Taylor Dart
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Taylor Dart
Long/short equity, momentum, gold & precious metals
Summary

K92 Mining is up 85% in the past 40 trading days and massively outperfomed most of its peers in 2019.

The company released news that it significantly beat guidance for 2019, with a record quarter of production in Q4.

While the company is an exceptional producer with industry-leading costs and grades, I believe the stock is getting a little ahead of itself short term.

Based on this, I believe traders would be wise to book some profits above C$3.45.

Last year was an exceptional one for many gold producers (GDX), but few of them can hold a candle to K92 Mining's (OTCQX:KNTNF) 2019 performance. The stock managed to put a