Kerr Mines (TSE:KER) Given a C$0.40 Price Target at Fundamental Research

Kerr Mines (TSE:KER) has been given a C$0.40 price objective by Fundamental Research in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Fundamental Research’s target price would indicate a potential upside of 196.30% from the stock’s current price.

Kerr Mines stock traded down C$0.01 during trading hours on Tuesday, hitting C$0.14. The stock had a trading volume of 12,500 shares, compared to its average volume of 152,407. The business’s 50 day simple moving average is C$0.14 and its 200-day simple moving average is C$0.18. Kerr Mines has a one year low of C$0.11 and a one year high of C$0.27. The stock has a market cap of $40.24 million and a price-to-earnings ratio of -4.09. The company has a quick ratio of 0.03, a current ratio of 0.12 and a debt-to-equity ratio of 963.98.

About Kerr Mines

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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