GoviEx Uranium (CVE:GXU) Shares Up 27.8% - Here's What Happened

Key Points

• GoviEx Uranium Inc. shares surged by 27.8% during trading, reaching C$0.12, marking a significant increase from the previous close of C$0.09.
• The stock experienced a massive rise in trading volume, with 67,820,589 shares changing hands, an increase of 4,190% compared to the average session volume.
• GoviEx Uranium focuses on the acquisition and development of uranium properties in Africa, with principal assets including the Madaouela project in Niger and the Muntanga project in Zambia.

GoviEx Uranium Inc. (CVE:GXU - ) shot up 27.8% during trading on Tuesday . The company traded as high as C$0.12 and last traded at C$0.12. 67,820,589 shares changed hands during trading, an increase of 4,190% from the average session volume of 1,581,049 shares. The stock had previously closed at C$0.09.

GoviEx Uranium Trading Up 27.8%

The firm has a market cap of C$117.54 million, a price-to-earnings ratio of -11.50 and a beta of 1.82. The stock has a fifty day moving average price of C$0.06 and a 200 day moving average price of 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.

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