GoviEx Uranium Inc. experienced a 5% decline in its stock price during trading on Monday, dropping to C$0.13. The company saw a significant decrease in trading volume, with only 91,500 shares changing hands compared to the average daily volume of 1,362,357 shares. This decrease in stock price comes after Eight Capital set a C$0.70 target price on shares of GoviEx Uranium, giving the stock a “buy” rating on February 29th.
Despite the drop in stock price, GoviEx Uranium maintains a strong financial position with a debt-to-equity ratio of 0.40 and a current ratio of 5.04. The company has a market capitalization of C$105.64 million, a PE ratio of -4.67, and a beta of 1.24. The stock’s 50-day simple moving average is C$0.16, while its two-hundred-day simple moving average is C$0.17.
GoviEx Uranium is a mineral resources company that focuses on the acquisition, exploration, and development of uranium properties in Africa. The company’s principal asset is the Madaouela project in north-central Niger, where it holds an 80% interest. GoviEx Uranium also owns the Muntanga project in Zambia and the Falea project in Mali.
While GoviEx Uranium currently has a “Buy” rating among analysts, top-rated analysts are recommending five other stocks as better buys. MarketBeat provides daily updates on Wall Street’s top-rated research analysts and the stocks they recommend, ensuring investors have access to the latest information to make informed decisions.
