GoviEx Uranium (CVE:GXU) Stock Price Up 30% - What's Next?

Key Points

• GoviEx Uranium's stock price increased by 30% during mid-day trading, reaching a high of C$0.07, up from a previous close of C$0.05.
• The company saw a significant trading volume of 2,926,975 shares, which is a 148% increase compared to its average session volume.
• GoviEx Uranium primarily focuses on uranium mining properties in Africa, with its main asset being the Madaouela project in Niger.

GoviEx Uranium Inc. (CVE:GXU - )'s stock price shot up 30% during mid-day trading on Friday . The company traded as high as C$0.07 and last traded at C$0.07. 2,926,975 shares were traded during mid-day trading, an increase of 148% from the average session volume of 1,177,925 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The stock has a fifty day moving average price of C$0.05 and a 200-day moving average price of C$0.06. The firm has a market capitalization of C$63.37 million, a PE ratio of -6.20 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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