GoviEx Uranium (CVE:GXU) Trading Down 21.7% - Should You Sell?

Key Points

• GoviEx Uranium Inc. saw its share price drop by 21.7%, trading at C$0.09, with a significant increase in trading volume of 163% on Wednesday.
• The company's market cap stands at C$91.99 million and it has a negative price-to-earnings ratio of -9.00.
• GoviEx focuses on the acquisition and development of uranium properties in Africa, with key assets including the Madaouela project in Niger and the Muntanga project in Zambia.

GoviEx Uranium Inc. (CVE:GXU - )'s share price traded down 21.7% during trading on Wednesday . The company traded as low as C$0.09 and last traded at C$0.09. 4,188,263 shares were traded during trading, an increase of 163% from the average session volume of 1,594,844 shares. The stock had previously closed at C$0.12.

GoviEx Uranium Price Performance

The stock has a market cap of C$91.99 million, a price-to-earnings ratio of -9.00 and a beta of 1.82. The business has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of 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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