GoviEx Uranium (CVE:GXU) Shares Down 15.4% – Here’s Why

GoviEx Uranium Inc. (CVE:GXU) dropped 15.4% on Monday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 1,214,484 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 1,679,696 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Trading Down 15.4 %

The stock has a market capitalization of C$27.50 million, a P/E ratio of -0.40 and a beta of 1.50. The business has a 50-day moving average price of C$0.05 and a two-hundred day moving average price of C$0.06.

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.