Gitennes Exploration (CVE:GIT) Stock Falls 6.5% – Here’s What Happened

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

Gitennes Exploration Stock Performance

The stock has a fifty day moving average price of C$0.43 and a 200 day moving average price of C$0.43. The company has a current ratio of 0.13, a quick ratio of 0.99 and a debt-to-equity ratio of 25.52. The firm has a market cap of C$3.98 million, a price-to-earnings ratio of -7.17 and a beta of 0.28.

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.