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Kootenay Silver ( (TSE:KTN) ) just unveiled an announcement.
Kootenay Silver Inc., a Mexico-focused silver exploration company with a large junior portfolio of silver assets, is advancing resource expansion, new discoveries, and near-term development of key projects in the Sierra Madre’s prolific mining districts. The company offers shareholders leveraged exposure to movements in silver prices through its focused exploration strategy.
Kootenay Silver has entered a marketing services agreement with Gold Standard Media, an internet marketing and advertising firm, to broaden its audience through financial publishing and digital campaigns. The three-month agreement, which entails an upfront US$1 million cash payment and no securities issuance, is subject to TSX Venture Exchange approval, and Gold Standard and its affiliates currently hold no interest in the company.
The most recent analyst rating on (TSE:KTN) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Kootenay Silver stock, see the TSE:KTN Stock Forecast page.
Spark’s Take on TSE:KTN Stock
According to Spark, TipRanks’ AI Analyst, TSE:KTN is a Neutral.
The score is held back primarily by weak financial performance (no revenue, widening losses, and worsening free cash flow burn), partially offset by a strong low-leverage balance sheet and solid bullish technical trend/momentum. Valuation remains challenging due to negative earnings and no stated dividend support.
To see Spark’s full report on TSE:KTN stock, click here.
More about Kootenay Silver
Kootenay Silver Inc. is a mineral exploration company focused on the discovery and development of silver projects in Mexico’s Sierra Madre region. The company holds one of the largest junior portfolios of silver assets in the country and targets the expansion of its silver resources, new discoveries, and near-term economic development of priority projects in Sonora and Chihuahua.
Average Trading Volume: 649,190
Technical Sentiment Signal: Buy
Current Market Cap: C$154.8M
Find detailed analytics on KTN stock on TipRanks’ Stock Analysis page.