GoviEx Uranium (CVE:GXU) Shares Down 12.5% – What’s Next?

by · The Cerbat Gem

GoviEx Uranium Inc. (CVE:GXU – Get Free Report) dropped 12.5% during mid-day trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 166,181 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,828,423 shares. The stock had previously closed at C$0.04.

GoviEx Uranium Stock Performance

The stock has a market cap of C$17.50 million, a price-to-earnings ratio of -0.25 and a beta of 1.50. The stock’s 50-day moving average price is C$0.05 and its 200-day moving average price is C$0.06.

About GoviEx Uranium

(Get Free Report)

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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