GoviEx Uranium (CVE:GXU) Shares Down 12.5% – Should You Sell?

Shares of GoviEx Uranium Inc. (CVE:GXU) traded down 12.5% during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. 166,181 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,828,423 shares. The stock had previously closed at C$0.04.

GoviEx Uranium Stock Performance

The firm has a market capitalization of C$20.00 million, a P/E ratio of -0.29 and a beta of 1.50. The stock’s 50 day simple moving average is C$0.05 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.