GoviEx Uranium (CVE:GXU) Stock Price Down 13% - Here's What Happened

Key Points

• GoviEx Uranium stock price fell by 13%, dropping from C$0.12 to C$0.10, with over 1.7 million shares traded during the session.
• The company's market cap is approximately C$91.99 million, with a price-to-earnings ratio of -9.00.
• GoviEx Uranium focuses on uranium properties in Africa, including significant projects in Niger, Zambia, and Mali.

GoviEx Uranium Inc. (CVE:GXU - ) traded down 13% on Wednesday . The stock traded as low as C$0.09 and last traded at C$0.10. 1,788,971 shares changed hands during trading, an increase of 13% from the average session volume of 1,582,030 shares. The stock had previously closed at C$0.12.

GoviEx Uranium Price Performance

The firm's fifty day moving average price is C$0.06 and its two-hundred day moving average price is C$0.06. The stock has a market cap of C$91.99 million, a price-to-earnings 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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