GoviEx Uranium (CVE:GXU) Stock Price Down 30.8% – Here’s What Happened

GoviEx Uranium Inc. (CVE:GXUGet Free Report) shares dropped 30.8% during trading on Thursday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 2,136,995 shares changed hands during trading, an increase of 31% from the average daily volume of 1,636,577 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Stock Performance

The stock has a market cap of C$32.50 million, a PE ratio of -0.47 and a beta of 1.50. The business has a 50-day moving average of C$0.05 and a 200 day moving average of 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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