GoviEx Uranium (CVE:GXU) Shares Down 21.7% – Should You Sell?

GoviEx Uranium Inc. (CVE:GXU)’s stock price traded down 21.7% during mid-day trading on Thursday . The stock traded as low as C$0.09 and last traded at C$0.09. 4,188,263 shares traded hands during mid-day trading, an increase of 163% from the average session volume of 1,594,844 shares. The stock had previously closed at C$0.12.

GoviEx Uranium Stock Down 21.7%

The firm has a 50 day simple moving average of C$0.06 and a 200-day simple moving average of C$0.06. The stock has a market cap of C$91.99 million, a P/E ratio of -9.00 and a beta of 1.82.

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.