Kootenay Silver (CVE:KTN) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Kootenay Silver Inc. (CVE:KTN) recently surpassed its 200-day moving average, reaching as high as C$1.51 during trading.
• The company's current market capitalization is C$128.74 million with a P/E ratio of -22.57, indicating it's still in the exploration stage.
• Kootenay Silver is actively involved in the exploration and development of silver, gold, lead, and zinc properties primarily located in Mexico and Canada.

Kootenay Silver Inc. (CVE:KTN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$1.08 and traded as high as C$1.51. Kootenay Silver shares last traded at C$1.48, with a volume of 692,689 shares changing hands.

Kootenay Silver Stock Performance

The company has a market capitalization of C$145.04 million, a price-to-earnings ratio of -25.43 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 47.87 and a current ratio of 39.98. The firm has a 50-day simple moving average of C$1.28 and a two-hundred day simple moving average of C$1.10.

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.