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

GoviEx Uranium Inc. (CVE:GXU)’s share price rose 22.2% during trading on Tuesday . The company 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 Trading Up 22.2 %

The stock has a market cap of C$44.70 million, a price-to-earnings ratio of -0.39 and a beta of 1.50. The business has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average of 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.

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.