GoviEx Uranium (CVE:GXU) Shares Down 45.5% – Time to Sell?

GoviEx Uranium Inc. (CVE:GXUGet Free Report) shares were down 45.5% on Monday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 77,472,953 shares were traded during trading, an increase of 4,837% from the average daily volume of 1,569,350 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Stock Performance

The stock’s fifty day moving average price is C$0.07 and its two-hundred day moving average price is C$0.06. The company has a market cap of C$30.66 million, a P/E ratio of -3.00 and a beta of 2.65.

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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