GoviEx Uranium (CVE:GXU) Hits New 1-Year Low at $0.08

GoviEx Uranium Inc. (CVE:GXU)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$0.08 and last traded at C$0.08, with a volume of 971997 shares trading hands. The stock had previously closed at C$0.08.

Wall Street Analyst Weigh In

Separately, Eight Capital decreased their price objective on GoviEx Uranium from C$0.70 to C$0.30 in a research report on Monday, April 22nd.

GoviEx Uranium Price Performance

The company has a quick ratio of 0.62, a current ratio of 9.56 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average price is C$0.10 and its two-hundred day moving average price is C$0.14. The company has a market cap of C$59.32 million, a price-to-earnings ratio of -2.67 and a beta of 1.24.

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.