GoviEx Uranium (CVE:GXU) Stock Price Down 20% – Here’s Why

GoviEx Uranium Inc. (CVE:GXUGet Free Report)’s share price fell 20% during trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.08. 1,588,487 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 1,500,225 shares. The stock had previously closed at C$0.10.

GoviEx Uranium Stock Performance

The firm has a market cap of C$37.50 million, a P/E ratio of -0.54 and a beta of 1.50. The business’s fifty day moving average is C$0.05 and its 200-day moving average is C$0.05.

GoviEx Uranium Company Profile

(Get Free Report)

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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