GoviEx Uranium (CVE:GXU) Stock Price Up 14.3% – Still a Buy?

GoviEx Uranium Inc. (CVE:GXU)’s share price was up 14.3% during mid-day trading on Monday . The company traded as high as C$0.04 and last traded at C$0.04. Approximately 173,649 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 2,541,595 shares. The stock had previously closed at C$0.04.

GoviEx Uranium Trading Down 7.9 %

The firm has a market cap of C$28.44 million, a P/E ratio of -0.25 and a beta of 1.50. The business’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.06. The company has a current ratio of 3.16, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.

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.