GoviEx Uranium (CVE:GXU) Stock Price Up 27.8% - Still a Buy?

Key Points

• The stock of GoviEx Uranium Inc. (CVE:GXU) surged by 27.8%, closing at C$0.12, with trading volume spiking to approximately 67.8 million shares, a 5,108% increase compared to the average.
• GoviEx Uranium has a market capitalization of C$117.54 million and maintains a P/E ratio of -11.50, indicating a negative profit outlook.
• The company focuses on uranium mining and holds significant interests in projects located in Niger, Zambia, and Mali.

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 5,108% from the average daily volume of 1,302,118 shares. The stock had previously closed at C$0.09.

GoviEx Uranium Stock Up 27.8%

The business has a fifty day moving average of C$0.06 and a 200 day moving average of 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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