GoviEx Uranium (CVE:GXU) Shares Down 26.2% – Here’s Why

GoviEx Uranium Inc. (CVE:GXUGet Free Report)’s share price traded down 26.2% on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. 569,742 shares traded hands during trading, a decline of 66% from the average session volume of 1,665,841 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Stock Performance

The company has a market capitalization of C$27.50 million, a P/E ratio of -0.40 and a beta of 1.50. The stock’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.06.

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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