GoviEx Uranium (CVE:GXU) Trading 22.2% Higher – Time to Buy?

GoviEx Uranium Inc. (CVE:GXUGet Free Report) was up 22.2% during trading on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 176,316 shares were traded during mid-day 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 Stock Performance

The business’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.16 and a quick ratio of 0.62. The stock has a market capitalization of C$44.70 million, a PE 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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