GoviEx Uranium (CVE:GXU) Trading 14.3% Higher – Here’s Why

GoviEx Uranium Inc. (CVE:GXU)’s share price shot up 14.3% on Friday . The stock traded as high as C$0.05 and last traded at C$0.04. 103,162 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,793,297 shares. The stock had previously closed at C$0.04.

GoviEx Uranium Stock Up 14.3 %

The company has a 50 day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06. The stock has a market cap of C$20.00 million, a price-to-earnings ratio of -0.29 and a beta of 1.50.

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.