Gitennes Exploration (CVE:GIT) Trading Up 21.6% – Time to Buy?

Gitennes Exploration Inc. (CVE:GIT) shot up 21.6% during mid-day trading on Wednesday . The company traded as high as C$0.45 and last traded at C$0.45. 143,100 shares traded hands during trading, an increase of 285% from the average session volume of 37,182 shares. The stock had previously closed at C$0.37.

Gitennes Exploration Price Performance

The firm has a market cap of C$3.89 million, a price-to-earnings ratio of -7.33 and a beta of 0.28. The stock’s fifty day moving average price is C$0.25 and its 200-day moving average price is C$0.11. The company has a current ratio of 0.13, a quick ratio of 0.99 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.