GoviEx Uranium (CVE:GXU) Shares Up 18.2% – What’s Next?

Shares of GoviEx Uranium Inc. (CVE:GXU) rose 18.2% during mid-day trading on Wednesday . The company traded as high as C$0.07 and last traded at C$0.07. Approximately 2,025,081 shares changed hands during trading, an increase of 24% from the average daily volume of 1,627,680 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Price Performance

The firm has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.06. The company has a market capitalization of C$32.50 million, a price-to-earnings ratio of -0.47 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.