GoviEx Uranium (CVE:GXU) Trading Down 20% – Time to Sell?

GoviEx Uranium Inc. (CVE:GXU) shares traded down 20% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 8,631,102 shares changed hands during trading, an increase of 646% from the average session volume of 1,156,702 shares. The stock had previously closed at C$0.05.

GoviEx Uranium Stock Performance

The company has a current ratio of 3.16, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. 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 stock’s 50 day moving average is C$0.05 and its two-hundred 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.