Gitennes Exploration (CVE:GIT) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Gitennes Exploration Inc. (CVE:GIT)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 Trading Down 6.5%

The company’s 50-day moving average is C$0.43 and its 200-day moving average is 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 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. The company is based in Vancouver, Canada.