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

Key Points

• Kootenay Silver Inc. (CVE:KTN) shares have crossed above their 200-day moving average, reaching a high of C$1.26, with the latest trading price at C$1.20.
• The company has a market capitalization of C$76.13 million and is in the exploration stage, focusing on silver, gold, lead, and zinc properties in Mexico and Canada.
• Kootenay Silver has a low debt-to-equity ratio of 0.33 and shows strong liquidity indicators, with a current ratio of 39.98 and a quick ratio of 47.87.

Kootenay Silver Inc. (CVE:KTN - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$1.04 and traded as high as C$1.26. Kootenay Silver shares last traded at C$1.20, with a volume of 553,599 shares traded.

Kootenay Silver Stock Down 5.8%

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 50 day moving average price of C$1.21 and a 200 day moving average price of C$1.05. The company has a market cap of C$76.76 million, a P/E ratio of -18.35 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.