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

Shares of Kootenay Silver Inc. (CVE:KTN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$1.50 and traded as high as C$2.20. Kootenay Silver shares last traded at C$2.20, with a volume of 234,187 shares changing hands.

Kootenay Silver Stock Performance

The firm’s 50-day moving average price is C$1.69 and its two-hundred day moving average price is C$1.50. The firm has a market capitalization of C$192.52 million, a PE ratio of -27.50 and a beta of 1.37. The company has a quick ratio of 47.87, a current ratio of 39.98 and a debt-to-equity ratio of 0.33.

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.