GoviEx Uranium (CVE:GXU) Stock Price Down 3.8% - What's Next?

Key Points

• GoviEx Uranium's stock price declined by 3.8% to C$0.05, with trading volume dropping to approximately 67,300 shares, a 94% decrease from its average.
• The company has a market cap of C$51.10 million and a PE ratio of -5.00, indicating financial challenges.
• GoviEx holds significant uranium properties in Africa, including an 80% interest in the Madaouela project in Niger and 100% interest in multiple projects in Zambia and Mali.

GoviEx Uranium Inc. (CVE:GXU - Get Free Report)'s stock price dropped 3.8% during trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 67,300 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 1,166,753 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The business's fifty day moving average price is C$0.05 and its two-hundred day moving average price is C$0.06. The stock has a market capitalization of C$51.10 million, a P/E ratio of -5.00 and a beta of 1.82.

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.