GoviEx Uranium (CVE:GXU) Shares Up 12.5% – Should You Buy?

GoviEx Uranium Inc. (CVE:GXU)’s stock price shot up 12.5% during mid-day trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 4,012,983 shares traded hands during trading, an increase of 72% from the average session volume of 2,339,479 shares. The stock had previously closed at C$0.04.

GoviEx Uranium Stock Performance

The firm has a market cap of C$25.00 million, a PE ratio of -0.36 and a beta of 1.50. The stock has a fifty day moving average price of C$0.05 and a 200-day moving average price of C$0.06.

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.