Kootenay Silver (CVE:KTN) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• Kootenay Silver Inc. saw its shares cross above the 200-day moving average, reaching a high of C$1.73 before settling at C$1.57 with a trading volume of 443,587 shares.
• The company's market capitalization stands at C$127.93 million and it has a debt-to-equity ratio of 0.33, indicating a relatively low level of debt.
• Kootenay Silver is engaged in the exploration of mineral properties in Mexico and Canada, primarily focusing on silver, gold, lead, and zinc ores.

Shares of Kootenay Silver Inc. (CVE:KTN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.11 and traded as high as C$1.73. Kootenay Silver shares last traded at C$1.57, with a volume of 443,587 shares changing hands.

Kootenay Silver Trading Up 18.6%

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 stock has a market capitalization of C$150.74 million, a PE ratio of -26.43 and a beta of 0.75. The stock has a 50-day moving average price of C$1.32 and a two-hundred day moving average price of C$1.12.

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.