GoviEx Uranium (CVE:GXU) Stock Price Down 30.8% – Here’s Why

GoviEx Uranium Inc. (CVE:GXU)’s stock price traded down 30.8% during trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. 3,566,378 shares changed hands during mid-day trading, an increase of 115% from the average session volume of 1,660,958 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Price Performance

The company’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.06. The company has a market capitalization of C$32.50 million, a P/E ratio of -0.47 and a beta of 1.50.

About GoviEx Uranium

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.