Gitennes Exploration (CVE:GIT) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Gitennes Exploration Inc. (CVE:GIT) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 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 trading hands.

Gitennes Exploration Trading Down 6.5%

The business’s 50 day moving average price is C$0.43 and its 200-day moving average price is 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 price-to-earnings 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.