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

Key Points

• GoviEx Uranium's stock price fell by 21.7% on Wednesday, trading as low as C$0.09 after previously closing at C$0.12.
• Trading volume surged to approximately 4.19 million shares, a significant increase of 163% compared to its average daily volume.
• The company holds a market cap of C$91.99 million and is primarily focused on uranium properties in Africa, with key assets in Niger, Zambia, and Mali.

GoviEx Uranium Inc. (CVE:GXU - )'s stock price was down 21.7% during trading 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 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 Stock Performance

The firm has a market capitalization of C$91.99 million, a price-to-earnings ratio of -9.00 and a beta of 1.82. The firm's 50-day moving average price is C$0.06 and its two-hundred day moving average price is C$0.06.

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.