GoviEx Uranium (CVE:GXU) Shares Down 5%

GoviEx Uranium Inc. (CVE:GXU)’s stock price dropped 5% during trading on Monday . The stock traded as low as C$0.13 and last traded at C$0.13. Approximately 91,500 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 1,362,357 shares. The stock had previously closed at C$0.14.

Analyst Upgrades and Downgrades

Separately, Eight Capital set a C$0.70 target price on shares of GoviEx Uranium and gave the company a “buy” rating in a research note on Thursday, February 29th.

GoviEx Uranium Price Performance

The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.62 and a current ratio of 5.04. The company’s 50 day moving average price is C$0.16 and its 200 day moving average price is C$0.17. The company has a market cap of C$105.64 million, a price-to-earnings ratio of -4.33 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.