GoviEx Uranium (CVE:GXU) Stock Price Up 33.3% – Still a Buy?

GoviEx Uranium Inc. (CVE:GXU) shares were up 33.3% on Friday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 391,321 shares traded hands during trading, a decline of 29% from the average daily volume of 550,775 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Price Performance

The company has a 50-day moving average of C$0.06 and a 200-day moving average of C$0.07. The stock has a market capitalization of C$44.70 million, a price-to-earnings ratio of -0.39 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 3.16.

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.