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

GoviEx Uranium Inc. (CVE:GXU)’s stock price fell 20% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 2,165,794 shares were traded during trading, an increase of 173% from the average session volume of 794,257 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Down 20.0 %

The firm has a 50 day moving average of C$0.05 and a two-hundred day moving average of C$0.06. The company has a current ratio of 3.16, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of C$32.51 million, a PE ratio of -0.29 and a beta of 1.50.

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.