GoviEx Uranium (CVE:GXU) Trading 10% Higher – Should You Buy?

GoviEx Uranium Inc. (CVE:GXUGet Free Report) traded up 10% on Friday . The company traded as high as C$0.06 and last traded at C$0.06. 1,285,718 shares were traded during mid-day trading, a decline of 26% from the average session volume of 1,735,487 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Price Performance

The company has a market capitalization of C$27.50 million, a P/E ratio of -0.40 and a beta of 1.50. The firm has a fifty day moving average price of C$0.05 and a 200-day moving average price of C$0.06.

About GoviEx Uranium

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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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