GoviEx Uranium (CVE:GXU) Shares Down 20% – What’s Next?

GoviEx Uranium Inc. (CVE:GXU)’s share price dropped 20% during trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 7,844,902 shares changed hands during mid-day trading, an increase of 631% from the average daily volume of 1,072,818 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Down 20.0 %

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 3.16. The stock has a market cap of C$32.51 million, a price-to-earnings ratio of -0.29 and a beta of 1.50. The business’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.06.

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.