GoviEx Uranium (CVE:GXU) Stock Price Down 30.8% – Should You Sell?

GoviEx Uranium Inc. (CVE:GXU)’s stock price dropped 30.8% during trading on Thursday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 3,415,978 shares changed hands during mid-day trading, an increase of 106% from the average daily volume of 1,660,158 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Trading Down 23.1 %

The company has a market cap of C$25.00 million, a PE ratio of -0.36 and a beta of 1.50. The business’s 50-day simple moving average is C$0.04 and its 200-day simple moving average is C$0.06.

About GoviEx Uranium

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.