Kootenay Silver (CVE:KTN) Stock Price Down 16.2% – Here’s Why

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

Kootenay Silver Trading Down 16.2%

The company has a current ratio of 39.98, a quick ratio of 47.87 and a debt-to-equity ratio of 0.33. The stock has a market cap of C$69.15 million, a P/E ratio of -16.53 and a beta of 0.01. The firm’s 50-day simple moving average is C$1.11 and its 200 day simple moving average is C$1.02.

About Kootenay Silver

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.