GoviEx Uranium (CVE:GXU) Trading Down 8.3% – Here’s Why

GoviEx Uranium Inc. (CVE:GXU)’s stock price was down 8.3% during trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 80,754 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 1,112,385 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Stock Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 3.16 and a quick ratio of 0.62. The company has a market capitalization of C$44.70 million, a PE ratio of -0.43 and a beta of 1.50. The firm’s fifty day simple moving average is C$0.08 and its 200 day simple moving average is C$0.07.

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.