Kootenay Silver (CVE:KTN) Stock Price Down 16.2% – What’s Next?

Kootenay Silver Inc. (CVE:KTN) traded down 16.2% during mid-day trading on Saturday . The stock traded as low as C$1.07 and last traded at C$1.09. 1,257,425 shares changed hands during mid-day 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 Price Performance

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

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.