Kootenay Silver (CVE:KTN) Shares Pass Above Two Hundred Day Moving Average of $0.29

Shares of Kootenay Silver Inc (CVE:KTN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.29 and traded as high as $0.48. Kootenay Silver shares last traded at $0.48, with a volume of 318,923 shares traded.

Separately, Fundamental Research set a C$0.57 target price on Kootenay Silver and gave the company a “buy” rating in a research report on Tuesday, June 16th.

The stock’s 50-day moving average price is C$0.43 and its two-hundred day moving average price is C$0.29. The stock has a market capitalization of $71.49 million and a P/E ratio of -68.57.

About Kootenay Silver (CVE:KTN)

Kootenay Silver Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral projects in the Sierra Madre Region of Mexico and British Columbia, Canada. It explores for silver, gold, lead, and zinc ores. The company primarily holds interests in the La Cigarra silver project covering approximately 18,000 hectares located within the Parral Mining District, in the state of Chihuahua, north central Mexico; and Promontorio and La Negra silver discoveries situated in Sonora, Mexico.

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