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

Gitennes Exploration Inc. (CVE:GIT)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.43 and traded as high as C$0.43. Gitennes Exploration shares last traded at C$0.43, with a volume of 27,500 shares changing hands.

Gitennes Exploration Price Performance

The stock has a market cap of C$3.98 million, a P/E ratio of -7.17 and a beta of 0.28. The company has a quick ratio of 0.99, a current ratio of 0.13 and a debt-to-equity ratio of 25.52. The business’s 50-day simple moving average is C$0.43 and its two-hundred day simple moving average is C$0.43.

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.