Eight Capital Lowers GoviEx Uranium (CVE:GXU) Price Target to C$0.30

GoviEx Uranium (CVE:GXU) had its target price decreased by Eight Capital from C$0.70 to C$0.30 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Eight Capital’s price objective suggests a potential upside of 215.79% from the company’s current price.

GoviEx Uranium Stock Up 5.6 %

Shares of GXU stock opened at C$0.10 on Monday. The company has a current ratio of 5.04, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. GoviEx Uranium has a 12 month low of C$0.09 and a 12 month high of C$0.22. The stock has a market cap of C$77.20 million, a P/E ratio of -3.17 and a beta of 1.24. The company has a 50 day simple moving average of C$0.15 and a two-hundred day simple moving average of C$0.17.

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.