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Kootenay Silver (CVE:KTN) Stock Price Down 7.6% - What's Next?

Kootenay Silver logo with Basic Materials background

Kootenay Silver Inc. (CVE:KTN - Get Free Report) dropped 7.6% during mid-day trading on Thursday . The company traded as low as C$1.16 and last traded at C$1.16. Approximately 444,006 shares were traded during trading, an increase of 251% from the average daily volume of 126,415 shares. The stock had previously closed at C$1.25.

Kootenay Silver Stock Performance

The business's 50 day moving average price is C$1.02 and its 200-day moving average price is C$1.00. 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$73.59 million, a price-to-earnings ratio of -17.60 and a beta of 0.01.

About Kootenay Silver

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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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