Gitennes Exploration (CVE:GIT) Share Price Passes Below 50-Day Moving Average – Here’s Why

Gitennes Exploration Inc. (CVE:GIT) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 debt-to-equity ratio of 25.52, a quick ratio of 0.99 and a current ratio of 0.13. The company has a market capitalization of C$3.98 million, a PE ratio of -7.17 and a beta of 0.28. The company has a 50 day moving average price of C$0.43 and a 200 day moving average price of C$0.38.

About Gitennes Exploration

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.