GoviEx Uranium (CVE:GXU) Trading 6.7% Higher

Shares of GoviEx Uranium Inc. (CVE:GXU) were up 6.7% during trading on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 685,415 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 1,231,293 shares. The stock had previously closed at C$0.08.

Analyst Upgrades and Downgrades

Separately, Eight Capital reduced their price target on shares of GoviEx Uranium from C$0.70 to C$0.30 in a research report on Monday, April 22nd.

GoviEx Uranium Trading Up 13.3 %

The company has a market cap of C$69.08 million, a price-to-earnings ratio of -2.50 and a beta of 1.24. The business’s fifty day moving average price is C$0.10 and its 200 day moving average price is C$0.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 9.56 and a quick ratio of 0.62.

About GoviEx Uranium

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.