GoviEx Uranium (CVE:GXU) Trading Down 12.7% – Should You Sell?

by · The Cerbat Gem

GoviEx Uranium Inc. (CVE:GXU – Get Free Report) dropped 12.7% on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 529,423 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,110,302 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Stock Performance

The business has a 50 day moving average price of C$0.07 and a 200-day moving average price of C$0.07. The firm has a market cap of C$36.57 million, a price-to-earnings ratio of -0.32 and a beta of 1.50. The company has a quick ratio of 0.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.40.

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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