GoviEx Uranium (CVE:GXU) Stock Price Down 30.8% – Here’s Why

Shares of GoviEx Uranium Inc. (CVE:GXUGet Free Report) fell 30.8% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 2,136,995 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 1,636,577 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Price Performance

The stock has a market capitalization of C$22.50 million, a P/E ratio of -0.33 and a beta of 1.50. The firm has a fifty day moving average of C$0.04 and a two-hundred day moving average of C$0.06.

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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