Gitennes Exploration (CVE:GIT) Stock Falls 6.5% – Time to Sell?

Gitennes Exploration Inc. (CVE:GIT)’s stock price fell 6.5% on Friday. The company traded as low as C$0.40 and last traded at C$0.43. 27,500 shares were traded during trading, a decline of 56% from the average session volume of 62,626 shares. The stock had previously closed at C$0.46.

Gitennes Exploration Price Performance

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 firm has a market capitalization of C$3.98 million, a PE ratio of -7.17 and a beta of 0.28. The firm’s fifty day simple moving average is C$0.43 and its 200-day simple moving average is C$0.43.

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. The company is based in Vancouver, Canada.