GoviEx Uranium (CVE:GXU) Trading Up 27.8% - Time to Buy?

Key Points

• GoviEx Uranium Inc. shares increased by 27.8% during mid-day trading, reaching C$0.12, significantly above its previous close of C$0.09.
• The company's trading volume surged to approximately 67.82 million shares, an increase of 4,190% from its average daily volume of 1.58 million shares.
• GoviEx has a market capitalization of C$117.54 million and is engaged in the acquisition and development of uranium projects in Africa, with key assets in Niger, Zambia, and Mali.

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

The company has a market cap of C$117.54 million, a price-to-earnings ratio of -11.50 and a beta of 1.82. The company has a fifty day moving average price of C$0.06 and a two-hundred day moving average price 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.

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