Kerr Mines Inc. (KER.TO) (TSE:KER) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Kerr Mines Inc. (KER.TO) (TSE:KER) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.12 and traded as high as C$0.13. Kerr Mines Inc. (KER.TO) shares last traded at C$0.13, with a volume of 109,000 shares changing hands.

Kerr Mines Inc. (KER.TO) Trading Up 4.2 %

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

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.