GoviEx Uranium (CVE:GXU) Trading Down 21.7% - Here's Why

Key Points

• GoviEx Uranium Inc. experienced a significant decline in share price, down 21.7% to C$0.09 during trading on Wednesday.
• The trading volume rose by 163% compared to its average daily volume, with approximately 4.2 million shares changing hands.
• GoviEx's major assets include the Madaouela project in Niger, the Muntanga project in Zambia, and the Falea project in Mali, highlighting its focus on uranium properties in Africa.

GoviEx Uranium Inc. (CVE:GXU - )'s share price was down 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 changed hands 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 Stock Down 21.7%

The firm's 50-day simple moving average is C$0.06 and its 200 day simple moving average is C$0.06. The stock has a market capitalization of C$91.99 million, a P/E ratio of -9.00 and a beta of 1.82.

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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