GoviEx Uranium (CVE:GXU) Shares Down 45.5% – Here’s What Happened

GoviEx Uranium Inc. (CVE:GXU – Get Free Report)’s share price was down 45.5% during trading on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 79,517,953 shares traded hands during 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 Price Performance

The firm has a fifty day moving average of C$0.07 and a two-hundred day moving average of C$0.06. The stock has a market capitalization of C$30.66 million, a P/E ratio of -3.00 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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