GoviEx Uranium (CVE:GXU) Trading 15.3% Higher

GoviEx Uranium Inc. (CVE:GXU) rose 15.3% during mid-day trading on Tuesday . The stock traded as high as C$0.10 and last traded at C$0.10. Approximately 1,029,502 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 1,418,950 shares. The stock had previously closed at C$0.09.

Analyst Upgrades and Downgrades

Separately, Eight Capital decreased their price objective on shares of GoviEx Uranium from C$0.70 to C$0.30 in a report on Monday, April 22nd.

GoviEx Uranium Price Performance

The company has a quick ratio of 0.62, a current ratio of 5.04 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is C$0.13 and its 200-day moving average price is C$0.16. The stock has a market cap of C$85.33 million, a P/E ratio of -3.50 and a beta of 1.24.

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.