enCore Energy (CVE:EU) Shares Down 45.6% – Time to Sell?

enCore Energy Corp. (CVE:EU)’s share price fell 45.6% during mid-day trading on Monday . The stock traded as low as C$1.80 and last traded at C$1.97. 4,139,132 shares were traded during mid-day 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 Trading Down 45.6 %

The firm has a market cap of C$262.08 million, a PE ratio of -4.65 and a beta of 1.20. The stock’s 50 day moving average price is C$4.49 and its 200 day moving average price is C$4.92.

Insider Buying and Selling at enCore Energy

In other news, Director William Morris Sheriff sold 24,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$5.11, for a total transaction of C$122,701.63. Insiders have sold 58,000 shares of company stock valued at $296,520 over the last three months. 2.12% of the stock is owned by company 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.