GoviEx Uranium (CVE:GXU) Shares Up 9.1% – Should You Buy?

Shares of GoviEx Uranium Inc. (CVE:GXU) were up 9.1% during mid-day trading on Wednesday . The company traded as high as C$0.06 and last traded at C$0.06. Approximately 1,715,404 shares traded hands during trading, an increase of 7% from the average daily volume of 1,607,206 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Trading Up 18.2 %

The firm has a market cap of C$32.50 million, a PE ratio of -0.47 and a beta of 1.50. The company has a 50 day moving average price of C$0.04 and a 200 day moving average price of 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.