GoviEx Uranium (CVE:GXU) Trading Up 33.3% – Here’s Why

GoviEx Uranium Inc. (CVE:GXU)’s stock price rose 33.3% during mid-day trading on Friday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 391,321 shares were traded during trading, a decline of 29% from the average daily volume of 550,775 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Trading Up 33.3 %

The company has a quick ratio of 0.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of C$48.76 million, a P/E ratio of -0.43 and a beta of 1.50. The firm’s 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07.

GoviEx Uranium Company Profile

GoviEx Uranium Inc, a mineral resources company, engages in the acquisition, exploration, and development of uranium properties in Africa. The company's principal asset is the Madaouela project which holds 80% interest located in north-central Niger. It also owns 100% interest in the Muntanga project that consists of 3 mining licenses situated to the south of Lusaka, Zambia; and the Falea project, which consists of three exploration licenses located in Mali.