Shares of Kootenay Silver Inc (CVE:KTN) hit a new 52-week high during trading on Friday . The company traded as high as C$0.34 and last traded at C$0.31, with a volume of 926071 shares traded. The stock had previously closed at C$0.31.
Separately, Fundamental Research cut their target price on shares of Kootenay Silver from C$0.62 to C$0.57 and set a “top pick” rating on the stock in a research report on Thursday, February 6th.
The stock has a market capitalization of $71.49 million and a P/E ratio of -37.50. The business’s 50 day simple moving average is C$0.20 and its 200-day simple moving average is C$0.24.
Kootenay Silver Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral projects in the Sierra Madre Region of Mexico and British Columbia, Canada. It explores for silver, gold, lead, and zinc ores. The company primarily holds interests in the La Cigarra silver project covering approximately 18,000 hectares located within the Parral Mining District, in the state of Chihuahua, north central Mexico; and Promontorio and La Negra silver discoveries situated in Sonora, Mexico.
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