GoviEx Uranium (CVE:GXU) Stock Price Down 7.7%

GoviEx Uranium Inc. (CVE:GXU) fell 7.7% during mid-day trading on Friday . The stock traded as low as C$0.06 and last traded at C$0.06. 165,098 shares changed hands during trading, a decline of 87% from the average session volume of 1,279,142 shares. The stock had previously closed at C$0.07.

Wall Street Analysts Forecast Growth

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

GoviEx Uranium Trading Down 7.7 %

The stock has a market cap of C$48.76 million, a price-to-earnings ratio of -2.17 and a beta of 1.24. The business’s fifty day simple moving average is C$0.09 and its 200 day simple moving average is C$0.14. The company has a debt-to-equity ratio of 0.40, a current ratio of 9.56 and a quick ratio of 0.62.

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.