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

Shares of Gitennes Exploration Inc. (CVE:GIT) crossed below its fifty day moving average during trading on Friday . 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 traded.

Gitennes Exploration Trading Down 6.5%

The company has a 50 day simple moving average of C$0.43 and a two-hundred day simple moving average of C$0.43. 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 firm has a market cap of C$3.98 million, a PE ratio of -7.17 and a beta of 0.28.

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. The company is based in Vancouver, Canada.