GoviEx Uranium (CVE:GXU) Trading Down 21.4% – Time to Sell?

Shares of GoviEx Uranium Inc. (CVE:GXU) traded down 21.4% on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.06. 638,955 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 1,029,407 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Trading Up 10.0 %

The firm has a 50-day moving average of C$0.06 and a 200 day moving average of C$0.06. The company has a market cap of C$44.70 million, a P/E ratio of -0.39 and a beta of 1.50. The company has a current ratio of 3.16, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.

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.