GoviEx Uranium (CVE:GXU) Trading Down 45.5% – Should You Sell?

GoviEx Uranium Inc. (CVE:GXU – Get Free Report)’s share price dropped 45.5% during mid-day trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 79,517,953 shares changed hands during mid-day trading, an increase of 4,017% from the average daily volume of 1,931,528 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Stock Down 45.5%

The firm has a market cap of C$30.66 million, a P/E ratio of -3.00 and a beta of 2.65. The stock’s 50-day moving average is C$0.07 and its 200-day moving average is C$0.06.

GoviEx Uranium Company Profile

(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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