GoviEx Uranium (CVE:GXU) Reaches New 52-Week Low – Should You Sell?

GoviEx Uranium Inc. (CVE:GXUGet Free Report)’s share price hit a new 52-week low on Friday . The stock traded as low as C$0.05 and last traded at C$0.05, with a volume of 926180 shares trading hands. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The company has a fifty day moving average of C$0.06 and a 200-day moving average of 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. The company has a market capitalization of C$36.57 million, a price-to-earnings ratio of -0.32 and a beta of 1.50.

About GoviEx Uranium

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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.

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