GoviEx Uranium (CVE:GXU) Trading 5% Higher – Still a Buy?

Shares of GoviEx Uranium Inc. (CVE:GXUGet Free Report) were up 5% during trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.04. Approximately 1,729,857 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 2,219,297 shares. The stock had previously closed at C$0.04.

GoviEx Uranium Price Performance

The company has a market cap of C$22.50 million, a P/E ratio of -0.33 and a beta of 1.50. The company has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.06.

About GoviEx Uranium

(Get Free Report)

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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