UEX (TSE:UEX) Shares Up 16.5%

UEX Co. (TSE:UEX) shares shot up 16.5% during mid-day trading on Monday . The stock traded as high as C$0.50 and last traded at C$0.50. 9,418,620 shares were traded during mid-day trading, an increase of 373% from the average session volume of 1,990,793 shares. The stock had previously closed at C$0.43.

UEX Stock Up 16.5 %

The company has a 50-day moving average of C$0.50. The stock has a market capitalization of C$275.50 million and a price-to-earnings ratio of -35.36. The company has a quick ratio of 3.51, a current ratio of 3.57 and a debt-to-equity ratio of 0.25.

About UEX

UEX Corporation engages in the acquisition, exploration, and development of mineral properties in Canada. It holds uranium, cobalt, and nickel exploration projects located in the Athabasca Basin of northern Saskatchewan. The company's flagship property is the West Bear project measuring approximately 7,983 hectares comprising 24 contiguous areas located in the Wollaston Lake area of northern Saskatchewan.