Kootenay Silver (CVE:KTN) Shares Down 16.2% – Here’s What Happened

Shares of Kootenay Silver Inc. (CVE:KTN) fell 16.2% during trading on Saturday . The company traded as low as C$1.07 and last traded at C$1.09. 1,257,425 shares traded hands during trading, an increase of 588% from the average session volume of 182,748 shares. The stock had previously closed at C$1.30.

Kootenay Silver Stock Down 16.2%

The company has a market capitalization of C$69.15 million, a PE ratio of -16.53 and a beta of 0.01. 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’s 50 day moving average is C$1.11 and its 200 day moving average is C$1.02.

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.