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

Key Points

• GoviEx Uranium shares fell by 21.7% on Wednesday, trading as low as C$0.09, significantly down from a previous close of C$0.12.
• Trading volume surged by 163%, with approximately 4.19 million shares exchanged, well above the average daily volume.
• The company holds key uranium projects in Africa, including an 80% interest in the Madaouela project in Niger and a 100% interest in the Muntanga project in Zambia.

GoviEx Uranium Inc. (CVE:GXU - )'s share price dropped 21.7% during trading on Wednesday . The stock 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 has a 50-day simple moving average of C$0.06 and a 200 day simple moving average of 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.

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