GoviEx Uranium (CVE:GXU) Shares Up 33.3% – Here’s What Happened

GoviEx Uranium Inc. (CVE:GXUGet Free Report)’s stock price rose 33.3% during trading on Wednesday . The company traded as high as C$0.05 and last traded at C$0.04. Approximately 26,002,042 shares were traded during trading, an increase of 1,173% from the average daily volume of 2,042,452 shares. The stock had previously closed at C$0.03.

GoviEx Uranium Stock Performance

The firm’s 50-day moving average is C$0.07 and its 200 day moving average is C$0.06. The firm has a market capitalization of C$42.93 million, a P/E ratio of -4.20 and a beta of 2.65.

GoviEx Uranium Company Profile

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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.

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