Kootenay Silver (CVE:KTN) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Kootenay Silver Inc. (CVE:KTN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$1.76 and traded as high as C$2.03. Kootenay Silver shares last traded at C$1.97, with a volume of 306,076 shares traded.

Kootenay Silver Stock Performance

The firm’s 50 day moving average is C$2.10 and its 200-day moving average is C$1.76. The stock has a market capitalization of C$188.16 million, a price-to-earnings ratio of -24.63 and a beta of 2.68. The company has a debt-to-equity ratio of 0.33, a quick ratio of 47.87 and a current ratio of 39.98.

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.