GoviEx Uranium (CVE:GXU) Stock Price Up 27.8% - Should You Buy?

Key Points

• GoviEx Uranium Inc. shares surged by 27.8% during trading on Tuesday, reaching a high of C$0.12.
• Trading volume increased dramatically, with approximately 67.8 million shares exchanged—up 4,190% from the average daily volume.
• The company focuses on uranium resources in Africa, with key projects in Niger, Zambia, and Mali.

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

GoviEx Uranium Stock Performance

The company's 50 day moving average is C$0.06 and its 200 day moving average is C$0.06. The firm has a market cap of C$117.54 million, a P/E ratio of -11.50 and a beta of 1.82.

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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