GoviEx Uranium (CVE:GXU) Stock Price Up 10% – Should You Buy?

GoviEx Uranium Inc. (CVE:GXU)’s stock price traded up 10% during trading on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. 1,285,718 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 1,735,487 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Price Performance

The business’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.06. The stock has a market cap of C$27.50 million, a price-to-earnings ratio of -0.40 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.