GoviEx Uranium (CVE:GXU) Trading Down 20% – Here’s Why

GoviEx Uranium Inc. (CVE:GXU) fell 20% during trading on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 6,411,239 shares traded hands during trading, an increase of 519% from the average session volume of 1,036,004 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The stock has a market capitalization of C$32.51 million, a P/E ratio of -0.29 and a beta of 1.50. The stock has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.06. The company has a quick ratio of 0.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.40.

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.