GoviEx Uranium (CVE:GXU) Trading Down 3.8% - Should You Sell?

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 - )'s stock price was down 3.8% on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 67,300 shares were traded during 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 company has a 50 day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.06. The company has a market cap of C$51.10 million, a PE 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.

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.