GoviEx Uranium (CVE:GXU) Stock Price Down 35.3%

GoviEx Uranium Inc. (CVE:GXU) traded down 35.3% during mid-day trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.06. 4,488,153 shares changed hands during mid-day trading, an increase of 257% from the average session volume of 1,257,120 shares. The stock had previously closed at C$0.09.

Analysts Set New Price Targets

Separately, Eight Capital reduced their price objective on shares of GoviEx Uranium from C$0.70 to C$0.30 in a research note on Monday, April 22nd.

GoviEx Uranium Price Performance

The business’s fifty day moving average is C$0.10 and its 200-day moving average is C$0.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 9.56 and a quick ratio of 0.62. The firm has a market cap of C$48.76 million, a PE ratio of -2.00 and a beta of 1.24.

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.