GoviEx Uranium (CVE:GXU) Shares Up 22.2% – Should You Buy?

GoviEx Uranium Inc. (CVE:GXU)’s share price shot up 22.2% on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. 249,016 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 699,185 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The company has a quick ratio of 0.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.40. The business has a 50-day simple moving average of C$0.05 and a 200-day simple moving average of C$0.06. The company has a market cap of C$44.70 million, a PE ratio of -0.39 and a beta of 1.50.

About GoviEx Uranium

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.