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

Key Points

• Kootenay Silver Inc. (CVE:KTN)'s stock price exceeded its 200-day moving average of C$1.06 and reached a high of C$1.21 during trading.
• The company's shares last traded at C$1.19, with a volume of 114,060 shares traded, reflecting a 1.7% increase in value.
• Kootenay Silver specializes in the acquisition and exploration of mineral properties primarily for silver, gold, lead, and zinc, with significant projects located in Mexico and Canada.

Kootenay Silver Inc. (CVE:KTN - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.06 and traded as high as C$1.21. Kootenay Silver shares last traded at C$1.19, with a volume of 114,060 shares.

Kootenay Silver Stock Down 4.0%

The business's 50 day moving average is C$1.22 and its 200-day moving average is C$1.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 39.98 and a quick ratio of 47.87. The company has a market cap of C$75.49 million, a PE ratio of -18.05 and a beta of 0.01.

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.