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GoviEx Uranium (CVE:GXU) Shares Up 27.8% - Time to Buy?

GoviEx Uranium logo with Energy background

Key Points

  • GoviEx Uranium Inc. (CVE:GXU) saw a significant stock price increase of 27.8%, reaching C$0.12 during mid-day trading.
  • Trading volume surged to 67,820,589 shares, which is an increase of 4,190% from its average session volume.
  • The company focuses on uranium properties in Africa, with its principal asset being the Madaouela project in Niger, holding an 80% interest.
  • MarketBeat previews top five stocks to own in November.

GoviEx Uranium Inc. (CVE:GXU - Get Free Report)'s stock price shot up 27.8% during mid-day trading on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. 67,820,589 shares traded 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 Price Performance

The stock has a market cap of C$97.10 million, a PE ratio of -9.50 and a beta of 1.82. The business has a fifty day moving average of C$0.06 and a 200-day moving average of C$0.06.

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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