Insider Selling: GoviEx Uranium Inc. (CVE:GXU) Director Sells 241,667 Shares of Stock

GoviEx Uranium Inc. (CVE:GXU) Director Christopher Wallace sold 241,667 shares of the firm’s stock in a transaction dated Monday, February 22nd. The stock was sold at an average price of C$0.31, for a total value of C$73,708.44. Following the completion of the sale, the director now directly owns 1,290,000 shares in the company, valued at C$393,450.

CVE:GXU traded down C$0.02 during mid-day trading on Tuesday, reaching C$0.29. The company’s stock had a trading volume of 391,570 shares, compared to its average volume of 920,848. The company’s fifty day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 8.00 and a quick ratio of 7.95. GoviEx Uranium Inc. has a twelve month low of C$0.08 and a twelve month high of C$0.39. The stock has a market cap of C$144.45 million and a P/E ratio of -16.67.

About GoviEx Uranium

GoviEx Uranium Inc, a mineral resources company, engages in the acquisition, exploration, and development of uranium projects in Africa. The company principally holds an 80% interest in the Madaouela project located in north-central Niger. It also owns 100% interests in the Mutanga project situated to the south of Lusaka, Zambia; and the Falea project located in Mali.

Further Reading: Overbought

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