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

Key Points

• GoviEx Uranium Inc. (CVE:GXU) experienced a significant stock price increase of 27.8% during mid-day trading, reaching C$0.12 after previously closing at C$0.09.
• The company's trading volume surged to approximately 67.8 million shares, a remarkable 4,190% increase from its average daily volume of 1.6 million shares.
• GoviEx Uranium focuses on uranium property acquisition, exploration, and development in Africa, with key assets including the Madaouela project in Niger and the Muntanga project in Zambia.

GoviEx Uranium Inc. (CVE:GXU - )'s stock price rose 27.8% during trading on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 67,820,589 shares traded hands during 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 has a market capitalization of C$117.54 million, a P/E ratio of -11.50 and a beta of 1.82. The firm's fifty day moving average is C$0.06 and its 200 day moving average is 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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