Shares of Kerr Mines Inc (TSE:KER) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.11 and last traded at C$0.11, with a volume of 120238 shares traded. The stock had previously closed at C$0.12.
Separately, Fundamental Research reduced their target price on Kerr Mines from C$0.49 to C$0.40 and set a “buy” rating for the company in a research note on Wednesday, October 30th.
The stock has a 50 day simple moving average of C$0.16 and a two-hundred day simple moving average of C$0.19. The firm has a market cap of $36.45 million and a PE ratio of -3.24. The company has a debt-to-equity ratio of 893.46, a quick ratio of 0.96 and a current ratio of 1.24.
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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