Gitennes Exploration (CVE:GIT) Shares Up 31.6% – Should You Buy?

Gitennes Exploration Inc. (CVE:GIT)’s stock price was up 31.6% during mid-day trading on Tuesday . The stock traded as high as C$0.26 and last traded at C$0.25. Approximately 155,260 shares were traded during trading, an increase of 770% from the average daily volume of 17,855 shares. The stock had previously closed at C$0.19.

Gitennes Exploration Stock Up 42.1 %

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 company has a fifty day simple moving average of C$0.08 and a 200-day simple moving average of C$0.04. The firm has a market cap of C$2.50 million, a P/E ratio of -3.17 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.