Kerr Mines Inc. (KER.TO) (TSE:KER) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Kerr Mines Inc. (KER.TO) (TSE:KER)’s share price crossed 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.

Kerr Mines Inc. (KER.TO) Price Performance

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 fifty day moving average price of C$0.12. The stock 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.