Kerr Mines (TSE:KER) Trading Down 7.7%
Kerr Mines Inc (TSE:KER) was down 7.7% during trading on Friday . The company traded as low as C$0.12 and last traded at C$0.12, approximately 126,708 shares were traded during trading. A decline of 17% from the average daily volume of 152,020 shares. The stock had previously closed at C$0.13.
Separately, Fundamental Research set a C$0.40 target price on shares of Kerr Mines and gave the company a “buy” rating in a report on Tuesday.
The company has a quick ratio of 0.03, a current ratio of 0.12 and a debt-to-equity ratio of 963.98. The company’s 50-day moving average is C$0.14 and its 200 day moving average is C$0.18. The company has a market cap of $40.24 million and a price-to-earnings ratio of -3.94.
Kerr Mines Inc operates as a gold exploration and development company in Canada and the United States. Its flagship property is the Copperstone gold mine, which encompasses approximately 47.7 square kilometers of mineral rights in La Paz County, Arizona. The company was formerly known as Armistice Resources Corp.
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