GoviEx Uranium (CVE:GXU) Shares Up 12.5% – Time to Buy?

GoviEx Uranium Inc. (CVE:GXU) shot up 12.5% during mid-day trading on Monday . The company traded as high as C$0.05 and last traded at C$0.05. 926,800 shares were traded during trading, a decline of 43% from the average session volume of 1,633,219 shares. The stock had previously closed at C$0.04.

GoviEx Uranium Stock Down 23.1 %

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 firm’s 50-day moving average price is C$0.05 and its 200 day moving average price is 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.