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

GoviEx Uranium Inc. (CVE:GXU)’s share price fell 20% on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 13,614,102 shares were traded during mid-day trading, an increase of 1,030% from the average session volume of 1,204,793 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Down 30.0 %

The stock’s fifty day simple moving average is C$0.05 and its 200-day simple moving average is C$0.06. The stock has a market cap of C$28.44 million, a P/E ratio of -0.25 and a beta of 1.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 3.16.

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.