GoviEx Uranium (CVE:GXU) Trading Down 21.7% - Time to Sell?

Key Points

• GoviEx Uranium's stock price has dropped by 21.7% trading at C$0.09, significantly below its previous close of C$0.12.
• The company has a market capitalization of C$91.99 million and is engaged in the development of uranium properties predominantly in Africa.
• GoviEx's principal asset is the Madaouela project in Niger, where it holds an 80% interest, alongside projects in Zambia and Mali.

GoviEx Uranium Inc. (CVE:GXU - )'s stock price traded down 21.7% during trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. 4,188,263 shares were traded during mid-day 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 Trading Down 21.7%

The stock has a market capitalization of C$91.99 million, a PE ratio of -9.00 and a beta of 1.82. The firm has a 50 day moving average price of C$0.06 and a 200 day moving average price of 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.