Gitennes Exploration (CVE:GIT) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Gitennes Exploration Inc. (CVE:GIT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.43 and traded as low as C$0.40. Gitennes Exploration shares last traded at C$0.43, with a volume of 27,500 shares changing hands.

Gitennes Exploration Stock Performance

The company has a 50 day moving average price of C$0.43 and a 200-day moving average price of C$0.43. The company has a current ratio of 0.13, a quick ratio of 0.99 and a debt-to-equity ratio of 25.52. The company has a market cap of C$3.98 million, a P/E ratio of -7.17 and a beta of 0.28.

Gitennes Exploration Company Profile

Gitennes Exploration Inc, a junior mineral exploration company, acquires and explores for mineral properties. The company primarily explores for gold, copper, and silver deposits. It holds interests in the New Mosher, Maxwell, and JMW gold properties in northern Quebec; the Snowbird gold property in northern British Columbia; and three gold/copper properties in the Gaspé region of Quebec, Canada, as well as a royalty interest in the Urumalqui silver property in Peru. The company is based in Vancouver, Canada.