GoviEx Uranium (CVE:GXU) Stock Price Up 33.3% – Should You Buy?

GoviEx Uranium Inc. (CVE:GXU)’s share price traded up 33.3% during mid-day trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. 684,247 shares changed hands during trading, a decline of 12% from the average session volume of 781,092 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Up 33.3 %

The business’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is C$0.07. 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 company has a market capitalization of C$48.76 million, a PE ratio of -0.43 and a beta of 1.50.

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.