GoviEx Uranium (CVE:GXU) Shares Down 21.4% – Should You Sell?

GoviEx Uranium Inc. (CVE:GXUGet Free Report) shares traded down 21.4% during trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.06. 843,311 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 1,080,871 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Price Performance

The firm has a 50 day moving average price of C$0.06 and a 200 day moving average price of C$0.06. The stock has a market cap of C$44.70 million, a P/E ratio of -0.39 and a beta of 1.50. The company has a quick ratio of 0.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.40.

About GoviEx Uranium

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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.

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