GoviEx Uranium (CVE:GXU) Shares Up 22.2% – Here’s What Happened

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

GoviEx Uranium Price Performance

The firm has a 50-day moving average of C$0.05 and a 200-day moving average of C$0.06. 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 firm has a market capitalization of C$42.26 million, a P/E ratio of -0.37 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.