GoviEx Uranium (CVE:GXU) Shares Down 13% - What's Next?

Key Points

• GoviEx Uranium Inc. shares fell by 13% during trading on Wednesday, with the stock price dropping from C$0.12 to as low as C$0.09 before closing at C$0.10.
• The company has a market capitalization of C$102.21 million and operates primarily in the acquisition and development of uranium properties in Africa.
• The firm's principal asset is the Madaouela project in Niger, where it holds an 80% interest, alongside other projects in Zambia and Mali.

GoviEx Uranium Inc. (CVE:GXU - )'s stock price was down 13% during trading on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.10. Approximately 1,467,259 shares traded hands during trading, a decline of 7% from the average daily volume of 1,580,360 shares. The stock had previously closed at C$0.12.

GoviEx Uranium Trading Down 13.0%

The firm's 50-day moving average is C$0.06 and its 200 day moving average is C$0.06. The firm has a market capitalization of C$102.21 million, a price-to-earnings ratio of -10.00 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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