GoviEx Uranium (CVE:GXU) Shares Up 33.3% – What’s Next?

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

GoviEx Uranium Price Performance

The business has a 50 day moving average of C$0.07 and a 200 day moving average of C$0.06. The firm has a market capitalization of C$42.93 million, a price-to-earnings ratio of -4.20 and a beta of 2.65.

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.