GoviEx Uranium (CVE:GXU) Trading 18.2% Higher – Still a Buy?

GoviEx Uranium Inc. (CVE:GXU)’s share price rose 18.2% during mid-day trading on Wednesday . The stock traded as high as C$0.07 and last traded at C$0.07. Approximately 2,025,081 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 1,627,680 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Stock Up 18.2 %

The firm has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.06. The company has a market capitalization of C$32.50 million, a P/E ratio of -0.47 and a beta of 1.50.

About GoviEx Uranium

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.