Klondike Silver (CVE:KS) Trading Down 16.7% – Here’s What Happened

Shares of Klondike Silver Corp. (CVE:KS) dropped 16.7% during trading on Wednesday . The company traded as low as C$0.02 and last traded at C$0.03. Approximately 2,007,946 shares changed hands during mid-day trading, an increase of 467% from the average daily volume of 354,352 shares. The stock had previously closed at C$0.03.

Klondike Silver Price Performance

The stock’s fifty day moving average price is C$0.03 and its 200 day moving average price is C$0.03. The company has a current ratio of 0.02, a quick ratio of 0.20 and a debt-to-equity ratio of 23.34. The stock has a market cap of C$8.07 million, a P/E ratio of -7.62 and a beta of 2.25.

Klondike Silver Company Profile

Klondike Silver Corp., a resource exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for silver, lead, and zinc deposits. The company primarily owns a 100% interest in the Slocan Silver camp that covers an area of approximately 114 square kilometers located in south-eastern British Columbia. Klondike Silver Corp. was incorporated in 2005 and is based in Vancouver, Canada.