GoviEx Uranium (CVE:GXU) Trading 14.3% Higher – Should You Buy?

GoviEx Uranium Inc. (CVE:GXU)’s stock price traded up 14.3% during trading on Monday . The stock traded as high as C$0.05 and last traded at C$0.04. 699,377 shares were traded during trading, a decline of 60% from the average session volume of 1,758,366 shares. The stock had previously closed at C$0.04.

GoviEx Uranium Stock Performance

The stock has a market capitalization of C$22.50 million, a P/E ratio of -0.33 and a beta of 1.50. The stock’s fifty day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.06.

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.