GoviEx Uranium (CVE:GXU) Trading 11.1% Higher – Here’s Why

Shares of GoviEx Uranium Inc. (CVE:GXU) shot 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 were traded 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 Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 3.16. The company has a market capitalization of C$40.63 million, a P/E ratio of -0.36 and a beta of 1.50. The firm’s fifty day moving average is C$0.05 and its 200 day moving average 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.