Gitennes Exploration (CVE:GIT) Trading 19.1% Higher – Still a Buy?

Gitennes Exploration Inc. (CVE:GITGet Free Report) shares rose 19.1% during mid-day trading on Tuesday . The company traded as high as C$0.28 and last traded at C$0.28. Approximately 255,720 shares traded hands during trading, an increase of 711% from the average daily volume of 31,535 shares. The stock had previously closed at C$0.24.

Gitennes Exploration Stock Performance

The firm’s 50 day simple moving average is C$0.19 and its 200 day simple moving average is C$0.09. The firm has a market capitalization of C$2.73 million, a price-to-earnings ratio of -4.92 and a beta of 0.28. The company has a debt-to-equity ratio of 25.52, a quick ratio of 0.99 and a current ratio of 0.13.

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.

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