Kootenay Silver (CVE:KTN) Stock Price Up 15.1% - Here's What Happened

Key Points

• Kootenay Silver Inc. (CVE:KTN) experienced a notable stock price increase of 15.1% during mid-day trading, reaching a high of C$1.70.
• The trading volume surged by 119% compared to the average daily volume, with approximately 436,849 shares traded.
• The company has strong liquidity ratios, including a current ratio of 39.98 and a quick ratio of 47.87, indicating good financial health.

Kootenay Silver Inc. (CVE:KTN - Get Free Report) shot up 15.1% during mid-day trading on Thursday . The stock traded as high as C$1.70 and last traded at C$1.68. 436,849 shares changed hands during trading, an increase of 119% from the average session volume of 199,386 shares. The stock had previously closed at C$1.46.

Kootenay Silver Stock Performance

The stock's 50-day moving average is C$1.30 and its 200 day moving average is C$1.11. The stock has a market cap of C$127.93 million, a price-to-earnings ratio of -22.43 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a current ratio of 39.98 and a quick ratio of 47.87.

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.