GoviEx Uranium (CVE:GXU) Shares Up 16.7% – Should You Buy?

GoviEx Uranium Inc. (CVE:GXUGet Free Report) shot up 16.7% on Monday . The company traded as high as C$0.07 and last traded at C$0.07. 932,276 shares were traded during trading, an increase of 0% from the average session volume of 930,696 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Price Performance

The business’s 50 day moving average is C$0.06 and its two-hundred day moving average is C$0.07. The firm has a market cap of C$52.82 million, a P/E ratio of -0.46 and a beta of 1.50. The company has a quick ratio of 0.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.40.

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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