GoviEx Uranium (CVE:GXU) Shares Down 23.1% – Here’s Why

Shares of GoviEx Uranium Inc. (CVE:GXU) were down 23.1% during mid-day trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 1,116,842 shares were traded during trading, a decline of 33% from the average daily volume of 1,677,965 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Stock Down 15.4 %

The company has a market cap of C$27.50 million, a price-to-earnings ratio of -0.40 and a beta of 1.50. The business has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.06.

About GoviEx Uranium

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.