GoviEx Uranium (CVE:GXU) Trading Down 12.5% – Here’s What Happened

by · The Cerbat Gem

GoviEx Uranium Inc. (CVE:GXU – Get Free Report) shares were down 12.5% on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 197,181 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,830,242 shares. The stock had previously closed at C$0.04.

GoviEx Uranium Price Performance

The business’s 50 day moving average is C$0.05 and its two-hundred day moving average is C$0.06. The firm has a market capitalization of C$17.50 million, a PE ratio of -0.25 and a beta of 1.50.

About GoviEx Uranium

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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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