GoviEx Uranium (CVE:GXU) Shares Down 18.2% – Should You Sell?

GoviEx Uranium Inc. (CVE:GXU)’s share price dropped 18.2% on Monday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 579,423 shares traded hands during trading, a decline of 48% from the average daily volume of 1,110,665 shares. The stock had previously closed at C$0.06.

GoviEx Uranium Stock Down 9.1 %

The company has a current ratio of 3.16, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of C$40.63 million, a P/E ratio of -0.36 and a beta of 1.50. The stock’s 50-day simple moving average is C$0.07 and its 200-day simple moving average is C$0.07.

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.