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

Shares of GoviEx Uranium Inc. (CVE:GXU) were down 9.1% during trading on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. 647,182 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 1,111,131 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Trading Down 9.1 %

The firm has a market cap of C$40.63 million, a price-to-earnings ratio of -0.36 and a beta of 1.50. 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’s 50 day simple moving average is C$0.07 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.