GoviEx Uranium (CVE:GXU) Trading 30% Higher - Still a Buy?

Key Points

• Shares of GoviEx Uranium surged by 30% to C$0.07, marking a notable increase in trading volume with nearly 3 million shares exchanged, a 150% rise from the average.
• The company, with a market capitalization of C$63.37 million, primarily focuses on uranium properties in Africa, including significant interests in projects located in Niger, Zambia, and Mali.
• GoviEx Uranium has a PE ratio of -6.20 and its trading performance suggests a potential investment opportunity amidst a volatile market landscape.

GoviEx Uranium Inc. (CVE:GXU - Get Free Report)'s share price traded up 30% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. 2,948,835 shares were traded during trading, an increase of 150% from the average session volume of 1,177,925 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The firm has a market cap of C$61.32 million, a price-to-earnings ratio of -6.00 and a beta of 1.82. The firm has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06.

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.