GoviEx Uranium (CVE:GXU) Shares Up 16.7% – Here’s Why

GoviEx Uranium Inc. (CVE:GXU) shot up 16.7% during mid-day trading on Monday . The company traded as high as C$0.07 and last traded at C$0.07. 932,276 shares changed hands during trading, an increase of 0% from the average session volume of 930,696 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Price Performance

The stock has a market capitalization of C$52.82 million, a price-to-earnings ratio of -0.46 and a beta of 1.50. The business’s fifty day moving average price is C$0.06 and its 200-day moving average price 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.

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.