GoviEx Uranium (CVE:GXU) Stock Price Up 12.5% – What’s Next?

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

GoviEx Uranium Price Performance

The company has a market capitalization of C$25.00 million, a P/E ratio of -0.36 and a beta of 1.50. The stock’s 50 day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.06.

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.