Kerr Mines Inc. (KER.TO) (TSE:KER) Shares Up 4.2% – Here’s Why

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

Kerr Mines Inc. (KER.TO) Price Performance

The company has a debt-to-equity ratio of 789.75, a current ratio of 0.96 and a quick ratio of 0.90. The company has a 50 day moving average of C$0.12. The company has a market cap of C$43.26 million and a PE ratio of -4.63.

About Kerr Mines Inc. (KER.TO)

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.