Kerr Mines Inc. (KER.TO) (TSE:KER) Trading 4.2% Higher – Still a Buy?

Kerr Mines Inc. (KER.TO) (TSE:KER) traded up 4.2% during mid-day trading on Monday . The stock traded as high as C$0.13 and last traded at C$0.13. 109,000 shares were traded during trading, a decline of 59% from the average session volume of 263,838 shares. The stock had previously closed at C$0.12.

Kerr Mines Inc. (KER.TO) Price Performance

The business’s 50-day moving average is C$0.12. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 789.75. The firm has a market cap of C$43.26 million and a P/E ratio of -4.63.

Kerr Mines Inc. (KER.TO) Company Profile

Kerr Mines Inc engages in the exploration and development of mineral properties. Its flagship property is the Copperstone gold project, which covers approximately 12,258 acres of surface area and mineral rights located in La Paz County, Arizona. The company was formerly known as Armistice Resources Corp.