Kootenay Silver (CVE:KTN) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Kootenay Silver's share price has crossed above its 200-day moving average, indicating positive momentum, with the stock trading as high as C$1.29.
• The company has a market capitalization of C$78.03 million, with a debt-to-equity ratio of 0.33, reflecting a relatively low level of debt.
• Kootenay Silver focuses on the exploration and development of mineral properties, primarily in Mexico, and holds interests in several notable silver projects.

Kootenay Silver Inc. (CVE:KTN - )'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.04 and traded as high as C$1.29. Kootenay Silver shares last traded at C$1.23, with a volume of 206,062 shares traded.

Kootenay Silver Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 39.98 and a quick ratio of 47.87. The stock's fifty day simple moving average is C$1.16 and its 200-day simple moving average is C$1.04. The company has a market capitalization of C$78.03 million, a P/E ratio of -18.66 and a beta of 0.01.

Kootenay Silver Company Profile

Kootenay Silver Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Mexico and Canada. The company explores for silver, gold, lead, and zinc ores. It primarily holds interests in the La Cigarra silver project covering an area of approximately 18,000 hectares located within the Parral Mining District in the state of Chihuahua, north central Mexico; Promontorio and La Negra silver discoveries situated in Sonora, Mexico; Columba Silver project located in Chihuahua, Mexico; and Copalito Silver-gold project located in Sinaloa, Mexico.

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