GoviEx Uranium (CVE:GXU) Shares Down 9.1%

Shares of GoviEx Uranium Inc. (CVE:GXU) dropped 9.1% during mid-day trading on Wednesday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 137,171 shares were traded during trading, a decline of 90% from the average daily volume of 1,441,576 shares. The stock had previously closed at C$0.11.

Analysts Set New Price Targets

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 Stock Performance

The company has a current ratio of 5.04, a quick ratio of 0.62 and a debt-to-equity ratio of 0.40. The stock has a market cap of C$82.89 million, a price-to-earnings ratio of -3.67 and a beta of 1.24. The stock’s 50 day moving average is C$0.13 and its two-hundred day moving average is C$0.16.

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.