Kootenay Silver Inc. (TSX-V:KTN) said that its board and management are unaware of any undisclosed material changes or corporate developments contributing to the recent trading activity and decline in share price.
The trading on January 29, 2024, is possibly linked to a Silver ETF's share disposition, as indicated in their prospectus, revealing a departure from the Prime Junior Miners Silver Index, which included Kootenay.
As of mid-December 2023, the ETF had around 910,000 shares of Kootenay in its holdings.