GoviEx Uranium (CVE:GXU) Trading Up 27.8% - Still a Buy?

Key Points

• GoviEx Uranium (CVE:GXU) shares surged 27.8% in mid-day trading, reaching C$0.12, following a substantial increase in trading volume by 4,190% from the average.
• The company's market capitalization stands at C$117.54 million, with a PE ratio of -11.50 and a beta of 1.82.
• GoviEx Uranium focuses on the acquisition and development of uranium properties in Africa, with its principal asset being the Madaouela project in Niger.

GoviEx Uranium Inc. (CVE:GXU - ) shares were 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. Approximately 67,820,589 shares traded 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 cap 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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