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

Shares of GoviEx Uranium Inc. (CVE:GXU) were down 21.4% during mid-day trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 747,555 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 1,032,157 shares. The stock had previously closed at C$0.07.

GoviEx Uranium Price Performance

The company has a market capitalization of C$44.70 million, a price-to-earnings ratio of -0.39 and a beta of 1.50. The business has a 50 day moving average price of C$0.06 and a 200-day moving average price of C$0.06. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 3.16.

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.