GoviEx Uranium (CVE:GXU) Reaches New 1-Year Low at $0.10

GoviEx Uranium Inc. (CVE:GXU)’s stock price reached a new 52-week low on Friday . The company traded as low as C$0.10 and last traded at C$0.11, with a volume of 7361759 shares trading hands. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

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

GoviEx Uranium Price 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 firm has a market cap of C$85.33 million, a price-to-earnings ratio of -4.10 and a beta of 1.24. The stock has a 50-day moving average of C$0.15 and a two-hundred day moving average of C$0.17.

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.