GoviEx Uranium (CVE:GXU) Trading Up 33.3% – Here’s Why

Shares of GoviEx Uranium Inc. (CVE:GXU) shot up 33.3% during mid-day trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.04. 26,002,042 shares changed hands during trading, an increase of 1,173% from the average session volume of 2,042,452 shares. The stock had previously closed at C$0.03.

GoviEx Uranium Trading Up 7.5%

The firm has a market cap of C$43.95 million, a P/E ratio of -4.30 and a beta of 2.65. The business’s fifty day simple moving average is C$0.07 and its 200-day simple moving average is 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.