GoviEx Uranium (CVE:GXU) Stock Price Down 14.8% - Time to Sell?

Key Points

• Shares of GoviEx Uranium Inc. fell by 14.8%, trading as low as C$0.09 during mid-day, with a final trading price of C$0.10.
• The company has a market cap of C$102.21 million and operates primarily in uranium property exploration and development in Africa, notably with significant assets in Niger and Zambia.
• GoviEx's stock had a PE ratio of -10.00 and its trading volume decreased by 22% compared to its average session volume.

Shares of GoviEx Uranium Inc. (CVE:GXU - ) fell 14.8% during mid-day trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.10. 1,221,975 shares changed hands during trading, a decline of 22% from the average session volume of 1,575,295 shares. The stock had previously closed at C$0.12.

GoviEx Uranium Price Performance

The stock has a 50-day simple moving average of C$0.06 and a 200-day simple moving average of C$0.06. The stock has a market cap of C$102.21 million, a PE ratio of -10.00 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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