GoviEx Uranium (CVE:GXU) Shares Up 22.2% – Here’s What Happened

GoviEx Uranium Inc. (CVE:GXUGet Free Report) was up 22.2% during mid-day trading on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 176,316 shares traded hands during trading, a decline of 75% from the average daily volume of 694,115 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Price Performance

The business’s 50 day moving average is C$0.05 and its 200-day moving average is C$0.06. The company has a quick ratio of 0.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of C$44.70 million, a P/E ratio of -0.39 and a beta of 1.50.

About GoviEx Uranium

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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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