Kootenay Silver (CVE:KTN) Shares Up 10.9% – Here’s What Happened

Shares of Kootenay Silver Inc. (CVE:KTN) rose 10.9% on Tuesday. The company traded as high as C$1.22 and last traded at C$1.22. 614,520 shares changed hands during trading, an increase of 71% from the average daily volume of 359,409 shares. The stock had previously closed at C$1.10.

Kootenay Silver Stock Performance

The company’s fifty day simple moving average is C$1.25 and its two-hundred day simple moving average is C$1.37. The company has a market capitalization of C$124.92 million, a price-to-earnings ratio of -12.15 and a beta of 3.22. The company has a debt-to-equity ratio of 0.08, a quick ratio of 47.87 and a current ratio of 84.86.

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.