GoviEx Uranium (CVE:GXU) Stock Price Down 26.2% – Here’s Why

GoviEx Uranium Inc. (CVE:GXU) shares dropped 26.2% during mid-day trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 569,742 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 1,668,385 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Price Performance

The business’s 50-day moving average price is C$0.05 and its two-hundred day moving average price is C$0.06. The firm has a market cap of C$25.00 million, a price-to-earnings ratio of -0.36 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.