GoviEx Uranium (CVE:GXU) Trading Up 27.8% - Here's What Happened

Key Points

• GoviEx Uranium Inc. (CVE:GXU) saw a significant increase of 27.8% in stock trading on Wednesday, reaching a last traded price of C$0.12.
• Approximately 67.8 million shares were traded, marking a drastic increase of 4,190% compared to the average daily volume.
• The company holds major uranium projects in Africa, including the Madaouela project in Niger and the Muntanga project in Zambia.

GoviEx Uranium Inc. (CVE:GXU - ) was up 27.8% on Wednesday . The stock traded as high as C$0.12 and last traded at C$0.12. Approximately 67,820,589 shares changed 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 stock has a fifty day moving average of C$0.06 and a 200 day moving average of C$0.06. The company has a market capitalization of C$117.54 million, a P/E ratio of -11.50 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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