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

Key Points

• GoviEx Uranium Inc. experienced a significant stock price increase of 27.8%, reaching C$0.12 during mid-day trading on Wednesday.
• The trading volume surged by 4,190% compared to its average, with 67,820,589 shares traded during that session.
• The company, which focuses on uranium properties in Africa, has its principal asset in the Madaouela project in Niger and a market cap of C$117.54 million.

GoviEx Uranium Inc. (CVE:GXU - )'s share 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 Stock Performance

The stock has a market capitalization of C$117.54 million, a price-to-earnings ratio of -11.50 and a beta of 1.82. The company has a 50-day moving average of C$0.06 and a 200-day moving average of 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.

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