GoviEx Uranium (CVE:GXU) Trading Down 9.1%

Shares of GoviEx Uranium Inc. (CVE:GXU - Get Free Report) were down 9.1% on Wednesday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 137,171 shares were traded during trading, a decline of 90% from the average daily volume of 1,441,576 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

Separately, Eight Capital lowered their target price on shares of GoviEx Uranium from C$0.70 to C$0.30 in a research note on Monday, April 22nd.

GoviEx Uranium Trading Down 9.1 %

The stock has a 50-day simple moving average of C$0.13 and a two-hundred day simple moving average of C$0.16. The firm has a market capitalization of C$81.27 million, a P/E ratio of -3.40 and a beta of 1.24. The company has a current ratio of 5.04, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.

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.