GoviEx Uranium (CVE:GXU) Stock Price Down 9.1% – Here’s What Happened

GoviEx Uranium Inc. (CVE:GXU)’s share price was down 9.1% on Monday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 58,031 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 1,108,764 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Price Performance

The firm has a market cap of C$44.70 million, a P/E ratio of -0.39 and a beta of 1.50. The business’s fifty day simple moving average is C$0.07 and its 200-day simple moving average is C$0.07. The company has a current ratio of 3.16, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.

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.