GoviEx Uranium (CVE:GXU) Sets New 1-Year Low – Should You Sell?

Shares of GoviEx Uranium Inc. (CVE:GXU) reached a new 52-week low during trading on Wednesday . The company traded as low as C$0.05 and last traded at C$0.05, with a volume of 1327012 shares traded. The stock had previously closed at C$0.05.

GoviEx Uranium Price Performance

The business’s 50-day simple moving average is C$0.05 and its 200 day simple moving average is C$0.06. The company has a market capitalization of C$40.63 million, a P/E ratio of -0.36 and a beta of 1.50. The company has a current ratio of 3.16, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40.

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.