Gitennes Exploration (CVE:GIT) Sets New 1-Year High – Should You Buy?

Gitennes Exploration Inc. (CVE:GIT) shares hit a new 52-week high on Thursday . The company traded as high as C$0.47 and last traded at C$0.44, with a volume of 19000 shares. The stock had previously closed at C$0.45.

Gitennes Exploration Stock Down 4.5 %

The stock’s 50 day simple moving average is C$0.26 and its two-hundred day simple moving average is C$0.12. The firm has a market cap of C$3.89 million, a P/E ratio of -7.00 and a beta of 0.28. The company has a debt-to-equity ratio of 25.52, a current ratio of 0.13 and a quick ratio of 0.99.

About Gitennes Exploration

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.