Gitennes Exploration (CVE:GIT) Shares Down 6.5% – Should You Sell?

Gitennes Exploration Inc. (CVE:GIT) dropped 6.5% on Friday. The stock traded as low as C$0.40 and last traded at C$0.43. 27,500 shares traded hands 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 Stock Performance

The company has a market capitalization of C$3.98 million, a PE ratio of -7.17 and a beta of 0.28. The company has a 50 day moving average of C$0.43 and a two-hundred day moving average of C$0.43. 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. The company is based in Vancouver, Canada.