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

Key Points

• GoviEx Uranium Inc. shares dropped by 21.7%, trading as low as C$0.09 after previously closing at C$0.12.
• Trading volume increased significantly, with 4.1 million shares exchanged, which was 163% higher than the average session volume.
• The company focuses on uranium properties in Africa, with its principal asset being the Madaouela project in Niger.

GoviEx Uranium Inc. (CVE:GXU - )'s share price fell 21.7% during trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. 4,188,263 shares traded hands during mid-day trading, an increase of 163% from the average session volume of 1,594,844 shares. The stock had previously closed at C$0.12.

GoviEx Uranium Stock Performance

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$91.99 million, a PE 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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