GoviEx Uranium (CVE:GXU) Trading 27.8% Higher - Should You Buy?

Key Points

• GoviEx Uranium Inc. saw a significant stock increase of 27.8%, trading at C$0.12 during mid-day on Tuesday, showing a 4,190% rise in trading volume compared to its average.
• The company has a market capitalization of C$117.54 million and operates primarily in uranium exploration and development in Africa, focusing on projects in Niger, Zambia, and Mali.
• GoviEx's current PE ratio is -11.50, indicating it is currently unprofitable, and it is categorized by a beta of 1.82, suggesting higher volatility in comparison to the market.

GoviEx Uranium Inc. (CVE:GXU - ) traded up 27.8% during mid-day trading on Tuesday . The company traded as high as C$0.12 and last traded at C$0.12. 67,820,589 shares traded hands during mid-day 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 Up 27.8%

The business's 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.06. The firm has a market capitalization of C$117.54 million, a PE ratio of -11.50 and a beta of 1.82.

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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