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

Key Points

• GoviEx Uranium Inc. shares dropped 21.7% during trading, reaching a low of C$0.09, with a significant increase in trading volume of 163% over the average.
• The company has a market capitalization of C$91.99 million, a P/E ratio of -9.00, and a beta of 1.82, indicating high volatility.
• GoviEx Uranium focuses on the acquisition and development of uranium properties in Africa, including the Madaouela project in Niger and the Muntanga project in Zambia.

GoviEx Uranium Inc. (CVE:GXU - ) traded down 21.7% during mid-day 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 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 Price Performance

The stock's 50 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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