GoviEx Uranium (CVE:GXU) Trading Down 9.1% – Should You Sell?

GoviEx Uranium Inc. (CVE:GXUGet Free Report) dropped 9.1% during trading on Monday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 58,031 shares traded hands during trading, a decline of 95% from the average daily volume of 1,108,764 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Price Performance

The business has a 50-day moving average price of C$0.07 and a 200 day moving average price of C$0.07. The stock has a market cap of C$44.70 million, a PE ratio of -0.39 and a beta of 1.50. The company has a current ratio of 3.16, a quick ratio of 0.62 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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