Kootenay Silver (CVE:KTN) Shares Up 10.9% – Should You Buy?

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

Kootenay Silver Price Performance

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 business has a fifty day moving average price of C$1.25 and a 200 day moving average price of C$1.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 84.86 and a quick ratio of 47.87.

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.