GoviEx Uranium (CVE:GXU) Stock Price Up 22.2% – Here’s Why

Shares of GoviEx Uranium Inc. (CVE:GXUGet Free Report) traded up 22.2% during mid-day trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. 159,613 shares were traded during trading, a decline of 68% from the average session volume of 504,025 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The company has a market capitalization of C$48.76 million, a price-to-earnings ratio of -0.43 and a beta of 1.50. The company has a current ratio of 3.16, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of C$0.06 and a 200-day simple moving average of C$0.07.

GoviEx Uranium Company Profile

(Get Free Report)

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.

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