Gainey Capital (CVE:GNC) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Gainey Capital Corp. (CVE:GNC) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.08 and traded as high as C$0.09. Gainey Capital shares last traded at C$0.09, with a volume of 147,882 shares trading hands.

Gainey Capital Trading Down 5.6%

The company has a market capitalization of C$8.09 million and a price-to-earnings ratio of -14.17. The stock’s fifty day simple moving average is C$0.08 and its 200-day simple moving average is C$0.09.

Gainey Capital Company Profile

Gainey Capital Corp., a gold and silver exploration company, engages in the acquisition and exploration of mineral properties. The company owns the El Colomo project covering an area of 18,766 hectares; and a mill in the gold/silver-rich Sierra Madre Occidental trend in western Mexico. It also has an option to own a 100% interest in the Las Margaritas property, which consists of two mineral concessions encompassing a total of 500 hectares located in the State of Durango, Mexico. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.