GoviEx Uranium (CVE:GXU) Trading 22.2% Higher – Still a Buy?

GoviEx Uranium Inc. (CVE:GXU)’s stock price shot up 22.2% during mid-day trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. 159,613 shares were traded during trading, a decline of 68% from the average session volume of 504,025 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Price Performance

The company has a market cap of C$48.76 million, a PE ratio of -0.43 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.16 and a quick ratio of 0.62. The stock has a fifty day moving average price of C$0.06 and a 200-day moving average price of C$0.07.

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.