Kootenay Silver (CVE:KTN) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

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) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Price Performance

The business's fifty day simple moving average is C$1.27 and its 200-day simple moving average is C$1.09. The company has a current ratio of 39.98, a quick ratio of 47.87 and a debt-to-equity ratio of 0.33. The firm has a market cap of C$128.74 million, a P/E ratio of -22.57 and a beta of 0.75.

About Kootenay Silver

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.