Kootenay Silver (CVE:KTN) Shares Cross Below 200 Day Moving Average – Time to Sell?

Kootenay Silver Inc. (CVE:KTNGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$1.79 and traded as low as C$1.40. Kootenay Silver shares last traded at C$1.43, with a volume of 493,917 shares traded.

Kootenay Silver Stock Down 2.7%

The firm has a market capitalization of C$145.12 million, a price-to-earnings ratio of -15.89 and a beta of 2.90. The stock has a 50 day moving average of C$1.49 and a 200 day moving average of C$1.79. The company has a quick ratio of 47.87, a current ratio of 58.29 and a debt-to-equity ratio of 0.09.

About Kootenay Silver

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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.

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