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

Key Points

• Kootenay Silver Inc. (CVE:KTN) shares have crossed above their 200-day moving average of C$1.14, trading as high as C$1.85, but last closed at C$1.69.
• The company's market cap is C$137.71 million, with a P/E ratio of -24.14 and significant liquidity ratios, including a current ratio of 39.98.
• Kootenay Silver is an exploration-stage company focused on mineral properties in Mexico and Canada, primarily exploring for silver, gold, lead, and zinc.

Kootenay Silver Inc. (CVE:KTN - )'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$1.14 and traded as high as C$1.85. Kootenay Silver shares last traded at C$1.69, with a volume of 771,131 shares trading hands.

Kootenay Silver Stock Down 7.7%

The firm's 50 day moving average price is C$1.35 and its 200-day moving average price is C$1.14. 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 company has a market cap of C$137.71 million, a P/E ratio of -24.14 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.

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