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

Gitennes Exploration Inc. (CVE:GITGet Free Report) shares crossed below its 50-day moving average during trading on Friday . 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 changing hands.

Gitennes Exploration Stock Down 6.5%

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

About Gitennes Exploration

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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.

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