Gitennes Exploration (CVE:GIT) Sets New 12-Month High – Time to Buy?

Gitennes Exploration Inc. (CVE:GIT)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as C$0.55 and last traded at C$0.52, with a volume of 77600 shares. The stock had previously closed at C$0.50.

Gitennes Exploration Trading Up 6.0 %

The company has a fifty day simple moving average of C$0.34 and a two-hundred day simple moving average of C$0.17. The stock has a market capitalization of C$4.90 million, a P/E ratio of -8.83 and a beta of 0.28. 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.