Kootenay Silver (CVE:KTN) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Kootenay Silver Inc. (CVE:KTN)'s stock price has crossed above its 200-day moving average, trading as high as C$1.38, with the last price at C$1.37.
• The company currently holds a market capitalization of C$111.45 million and has strong liquidity ratios, with a current ratio of 39.98 and a quick ratio of 47.87.
• Kootenay Silver is primarily involved in the acquisition and exploration of mineral properties in Mexico and Canada, focusing on silver, gold, lead, and zinc ores.

Kootenay Silver Inc. (CVE:KTN - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.06 and traded as high as C$1.38. Kootenay Silver shares last traded at C$1.37, with a volume of 419,282 shares trading hands.

Kootenay Silver Stock Down 4.1%

The company has a quick ratio of 47.87, a current ratio of 39.98 and a debt-to-equity ratio of 0.33. The firm has a market cap of C$113.07 million, a price-to-earnings ratio of -19.86 and a beta of 0.77. The stock's 50 day moving average is C$1.23 and its 200 day moving average is C$1.08.

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.