GoviEx Uranium (CVE:GXU) Trading Up 11.1% – Should You Buy?

GoviEx Uranium Inc. (CVE:GXUGet Free Report) shares were up 11.1% on Thursday . The stock traded as high as C$0.06 and last traded at C$0.05. Approximately 1,108,621 shares traded hands during trading, a decline of 36% from the average daily volume of 1,724,781 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Price Performance

The stock’s fifty day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05. The stock has a market cap of C$25.00 million, a P/E ratio of -0.36 and a beta of 1.50.

GoviEx Uranium Company Profile

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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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