GoviEx Uranium (CVE:GXU) Reaches New 1-Year Low at $0.08

GoviEx Uranium Inc. (CVE:GXU)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.08 and last traded at C$0.08, with a volume of 971997 shares changing hands. The stock had previously closed at C$0.08.

Analysts Set New Price Targets

Separately, Eight Capital lowered their target price on shares of GoviEx Uranium from C$0.70 to C$0.30 in a research note on Monday, April 22nd.

GoviEx Uranium Stock Up 13.3 %

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 9.56. The company has a market capitalization of C$69.08 million, a price-to-earnings ratio of -2.83 and a beta of 1.24. The firm’s 50-day simple moving average is C$0.10 and its 200-day simple moving average is C$0.14.

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.