Gitennes Exploration (CVE:GIT) Shares Up 29.8% – Time to Buy?

Gitennes Exploration Inc. (CVE:GIT)’s stock price shot up 29.8% during mid-day trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.37. 299,815 shares changed hands during mid-day trading, an increase of 787% from the average session volume of 33,785 shares. The stock had previously closed at C$0.29.

Gitennes Exploration Stock Performance

The stock has a market capitalization of C$3.42 million, a PE ratio of -5.83 and a beta of 0.28. The stock has a fifty day moving average of C$0.21 and a 200-day moving average of C$0.10. The company has a quick ratio of 0.99, a current ratio of 0.13 and a debt-to-equity ratio of 25.52.

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.