GoviEx Uranium (CVE:GXU) Stock Price Up 18.2% – Should You Buy?

Shares of GoviEx Uranium Inc. (CVE:GXU) traded up 18.2% on Thursday . The stock traded as high as C$0.07 and last traded at C$0.07. 2,025,081 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 1,627,680 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Trading Up 18.2 %

The firm has a market cap of C$32.50 million, a PE ratio of -0.47 and a beta of 1.50. The business’s 50-day simple moving average is C$0.04 and its 200 day simple moving average is C$0.06.

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.