Great Thunder Gold (CVE:GTG) Share Price Passes Below 50-Day Moving Average – Here’s Why

Great Thunder Gold Corp (CVE:GTG) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.48 and traded as low as C$0.45. Great Thunder Gold shares last traded at C$0.48, with a volume of 55,000 shares trading hands.

Great Thunder Gold Price Performance

The firm has a market cap of C$11.17 million and a P/E ratio of -21.82. The firm’s fifty day simple moving average is C$0.48 and its 200 day simple moving average is C$0.48. The company has a debt-to-equity ratio of 9.75, a quick ratio of 0.11 and a current ratio of 0.13.

Great Thunder Gold Company Profile

Great Thunder Gold Corp., an exploration stage company, engages in the exploration and development of mineral properties in Canada. The company owns a 100% interest in the Valentine Mountain property that consists of 25 mineral claims covering an area of approximately 7,188 hectares and 2 overlying placer claims covering 43 hectares in British Columbia. It also holds interests in the Chubb & Bouvier property comprising 53 mineral claims covering approximately 2,200 hectares; the Urban Thunder property that consists of 20 mineral claims covering approximately 1,127 hectares; and the Nemaska Lake property comprising 4 mineral claims covering approximately 213 hectares in Quebec.