GoviEx Uranium (CVE:GXU) Shares Down 15.4% – Here’s Why

GoviEx Uranium Inc. (CVE:GXU)’s share price traded down 15.4% during trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.06. 1,082,842 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 1,677,386 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Stock Performance

The company has a market capitalization of C$25.00 million, a price-to-earnings ratio of -0.36 and a beta of 1.50. The business’s 50 day moving average is C$0.05 and its 200 day moving average is 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.