GoviEx Uranium (CVE:GXU) Trading Down 12.5% – Here’s Why

GoviEx Uranium Inc. (CVE:GXU) shares dropped 12.5% on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 156,233 shares traded hands during trading, a decline of 91% from the average daily volume of 1,828,310 shares. The stock had previously closed at C$0.04.

GoviEx Uranium Trading Down 12.5 %

The stock has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.06. The company has a market cap of C$17.50 million, a PE ratio of -0.25 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.