GoviEx Uranium (CVE:GXU) Shares Down 5.9% – Time to Sell?

GoviEx Uranium Inc. (CVE:GXU)’s share price dropped 5.9% on Friday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 126,297 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,223,493 shares. The stock had previously closed at C$0.09.

GoviEx Uranium Stock Down 5.9 %

The company has a market capitalization of C$65.01 million, a price-to-earnings ratio of -0.61 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.16 and a quick ratio of 0.62. The firm’s fifty day moving average price is C$0.06 and its 200-day moving average price is C$0.09.

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.