GoviEx Uranium (CVE:GXU) Shares Down 13% - Time to Sell?

Key Points

• GoviEx Uranium's shares experienced a significant decline, dropping 13% during trading, with prices reaching as low as C$0.09.
• The company's market capitalization stands at C$91.99 million, with a P/E ratio of -9.00 and a beta of 1.82.
• GoviEx Uranium is primarily engaged in the exploration and development of uranium properties in Africa, notably the Madaouela project in Niger.

GoviEx Uranium Inc. (CVE:GXU - ) shares dropped 13% during trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.10. Approximately 2,138,658 shares traded hands during mid-day trading, an increase of 35% from the average daily volume of 1,583,923 shares. The stock had previously closed at C$0.12.

GoviEx Uranium Trading Down 21.7%

The company's fifty day moving average is C$0.06 and its 200 day moving average is C$0.06. The company has a market capitalization of C$91.99 million, a P/E ratio of -9.00 and a beta of 1.82.

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.

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