Is Selling 52-Week Stock Like K92 Mining Inc a Winning Strategy?

 Is Selling 52 Week Stock Like K92 Mining Inc a Winning Strategy?

The stock of K92 Mining Inc (CVE:KNT) hit a new 52-week low and has $0.79 target or 9.00% below today’s $0.87 share price. The 7 months bearish chart indicates high risk for the $90.14 million company. The 1-year low was reported on Nov, 24 by Barchart.com. If the $0.79 price target is reached, the company will be worth $8.11 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 756,906 shares traded hands or 34.35% up from the average. K92 Mining Inc (CVE:KNT) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

More notable recent K92 Mining Inc (CVE:KNT) news were published by: Marketwatch.com which released: “K92 Mining Inc.” on May 30, 2016, also Marketwired.com with their article: “K92 Mining Inc.: Kainantu Gold Mine Operational Update” published on August 17, 2016, Marketwired.com published: “K92 Mining Inc. (Formerly Otterburn Resources Corp.) Reverse Take-Over Completed” on May 20, 2016. More interesting news about K92 Mining Inc (CVE:KNT) were released by: Reuters.com and their article: “BRIEF-K92 Mining receives $7.5 million in new capital” published on October 12, 2016 as well as Marketwired.com‘s news article titled: “K92 Mining Inc. Provides Corporate and Site Update” with publication date: May 30, 2016.

K92 Mining Inc., formerly Otterburn Resources Corp., is a Canada exploration-stage company. The company has a market cap of $90.14 million. The Firm is engaged in the business of exploration, development and exploitation of mineral resources in Canada. It currently has negative earnings. The Company’s segment operates through the mineral property explorations in Canada.

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