GoviEx Uranium (CVE:GXU) Trading Down 13% - What's Next?

Key Points

• GoviEx Uranium stock dropped 13% to C$0.10, trading at a 23% lower volume than its average.
• The company has a market capitalization of C$102.21 million and a price-to-earnings ratio of -10.00, indicating financial challenges.
• GoviEx Uranium focuses on exploring and developing uranium properties in Africa, with significant interests in projects located in Niger, Zambia, and Mali.

GoviEx Uranium Inc. (CVE:GXU - )'s stock price was down 13% on Wednesday . The company traded as low as C$0.09 and last traded at C$0.10. Approximately 1,219,975 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 1,575,295 shares. The stock had previously closed at C$0.12.

GoviEx Uranium Stock Performance

The firm has a market capitalization of C$102.21 million, a price-to-earnings ratio of -10.00 and a beta of 1.82. The business's 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.06.

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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