GoviEx Uranium (CVE:GXU) Shares Down 21.7% - Should You Sell?

Key Points

• GoviEx Uranium's stock price plummeted by 21.7%, trading as low as C$0.09 during mid-day trading.
• The company has a market capitalization of C$91.99 million with a P/E ratio of -9.00.
• GoviEx Uranium primarily focuses on the exploration and development of uranium properties in Africa, including significant assets like the Madaouela project in Niger.

GoviEx Uranium Inc. (CVE:GXU - ) dropped 21.7% on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 4,188,263 shares were traded during mid-day 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 Trading Down 21.7%

The company's 50-day moving average price is C$0.06 and its two-hundred day moving average price is C$0.06. The company has a market cap 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.