GoviEx Uranium (CVE:GXU) Stock Price Down 3.8% - Time to Sell?

Key Points

• GoviEx Uranium Inc. (CVE:GXU) shares fell by 3.8% on Thursday, trading as low as C$0.05 and seeing a 59% decline in average session volume.
• The company has a market capitalization of C$51.10 million and a P/E ratio of -5.00.
• GoviEx primarily focuses on acquiring and developing uranium properties in Africa, with notable projects in Niger, Zambia, and Mali.

GoviEx Uranium Inc. (CVE:GXU - ) shares fell 3.8% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 480,300 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 1,167,044 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The stock has a market capitalization of C$51.10 million, a P/E ratio of -5.00 and a beta of 1.82. The company's fifty day simple moving average is C$0.06 and its two-hundred day simple moving average 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.

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