enCore Energy (CVE:EU) Trading Down 45.6% – What’s Next?

enCore Energy Corp. (CVE:EU) shares fell 45.6% during trading on Monday . The stock traded as low as C$1.80 and last traded at C$1.97. 4,139,132 shares changed hands during trading, an increase of 1,166% from the average session volume of 326,975 shares. The stock had previously closed at C$3.62.

enCore Energy Stock Down 45.6 %

The company has a market cap of C$262.08 million, a price-to-earnings ratio of -4.65 and a beta of 1.20. The firm has a 50-day simple moving average of C$4.49 and a 200 day simple moving average of C$4.92.

Insider Buying and Selling at enCore Energy

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total transaction of C$49,392.00. In the last ninety days, insiders have sold 58,000 shares of company stock worth $296,520. 2.12% of the stock is currently owned by 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.