GoviEx Uranium (CVE:GXU) Trading 27.8% Higher - What's Next?

Key Points

• GoviEx Uranium Inc. shares surged by 27.8%, reaching a trade price of C$0.12 during mid-day trading on Wednesday.
• The company experienced a significant increase in trading volume, with 67,820,589 shares changing hands, reflecting a 4,190% increase from its average session volume.
• GoviEx Uranium has a market capitalization of C$117.54 million and focuses on uranium projects in Africa, including key assets in Niger, Zambia, and Mali.

GoviEx Uranium Inc. (CVE:GXU - ) traded up 27.8% during mid-day trading on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. 67,820,589 shares changed 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 Down 17.4%

The company'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$97.10 million, a price-to-earnings ratio of -9.50 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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