GoviEx Uranium (CVE:GXU) Stock Price Up 11.1% – Here’s What Happened

GoviEx Uranium Inc. (CVE:GXU)’s stock price traded up 11.1% during trading on Tuesday . The company traded as high as C$0.05 and last traded at C$0.05. 104,835 shares changed hands during trading, a decline of 85% from the average session volume of 689,172 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The stock has a market cap of C$40.63 million, a P/E ratio of -0.36 and a beta of 1.50. 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 firm’s 50-day moving average price is C$0.05 and its 200-day moving average price is C$0.06.

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.