Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

TICKERS: KER; KERMF; 7AZ1

Company with Positive Drill Results at 'Good Entry Point'
Contributed Opinion

Share on Stocktwits

Source:

Technical analyst Clive Maund charts this miner with a gold project in Arizona and explains why he believes its stock is a good buy.

Kerr's Copperstone project

Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) has not—so far—responded to the rally in gold of recent days, but the pattern looks most favorable with it having consolidated a sharp high volume rally at the start of last month, that allowed its 50-day moving average to catch up and rise through its 200-day.

The company has reported a run of good drilling results that augment the value of its Copperstone Mine in Arizona, and just came out with more very positive results, that are thought likely to get the stock moving.


As we can see on its latest 6-month chart, although it has not so far responded to gold's advance, it appears to be completing a bull Flag, so there is considered to be a good chance that the positive drilling results will get it moving again. It is at a good entry point here and rated an immediate buy. Another reason that it is at a good entry point is that this is stock that can be expected to take off like a rocket once gold breaks above $1400, a development that is expected to occur quite soon.

Kerr Mines website.

Kerr Mines Inc, KER.TSX, KERMF on OTC, closed at C$0.155, $0.12 on 4th June 2019.

Originally posted at 7.50 am EDT on 5th June 2019 on CliveMaund.com.

[NLINSERT]

Disclosure:
1) Clive Maund: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: None. CliveMaund.com disclosures below. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Kerr Mines. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Kerr Mines. Please click here for more information.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Kerr Mines, a company mentioned in this article.

Charts and graphics provided by the author.

CliveMaund.com Disclosure:
The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.





Want to read more about Special Situations and Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe