enCore Energy (CVE:EU) Stock Price Up 23.9% – Should You Buy?

enCore Energy Corp. (CVE:EU)’s stock price traded up 23.9% on Wednesday . The stock traded as high as C$2.46 and last traded at C$2.44. 1,281,998 shares changed hands during trading, an increase of 267% from the average session volume of 349,185 shares. The stock had previously closed at C$1.97.

enCore Energy Trading Up 23.9 %

The stock has a fifty day simple moving average of C$4.45 and a 200-day simple moving average of C$4.90. The stock has a market cap of C$324.61 million, a price-to-earnings ratio of -5.76 and a beta of 1.20.

Insider Transactions at enCore Energy

In related news, Director William Morris Sheriff sold 10,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$4.94, for a total value of C$49,392.00. 2.12% of the stock is currently owned by corporate insiders.

enCore Energy Company Profile

enCore Energy Corp. engages in the acquisition, exploration, and development of uranium resource properties in the United States. It holds a 100% interest in the Crownpoint and Hosta Butte uranium project that covers 3,020 acres located in the Grants Uranium Belt, New Mexico. The company also has interests in the Marquez-Juan Tafoya property, which consists of 14,582 acres located in McKinley and Sandoval counties of New Mexico; and the Nose Rock project that covers 42 owned unpatented lode mining claims comprising approximately 800 acres located in McKinley County, New Mexico.