GoviEx Uranium (CVE:GXU) Shares Down 21.7% - Here's What Happened

Key Points

• GoviEx Uranium Inc. shares fell by 21.7%, dropping to C$0.09, significantly increasing trading volume by 163% compared to its daily average.
• The company has a market capitalization of C$91.99 million and a P/E ratio of -9.00, indicating its challenges in profitability.
• GoviEx's principal asset is the Madaouela project in Niger, where it holds an 80% interest, alongside other properties in Zambia and Mali.

Shares of GoviEx Uranium Inc. (CVE:GXU - ) were down 21.7% on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 4,188,263 shares traded hands during trading, an increase of 163% from the average daily volume of 1,594,844 shares. The stock had previously closed at C$0.12.

GoviEx Uranium Stock Down 21.7%

The company has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The stock has a market capitalization of C$91.99 million, a P/E ratio of -9.00 and a beta of 1.82.

GoviEx Uranium Company Profile

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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