enCore Energy (CVE:EU) Trading 14.7% Higher – Here’s Why

enCore Energy Corp. (CVE:EU) shares shot up 14.7% on Tuesday . The stock traded as high as C$2.37 and last traded at C$2.26. 884,155 shares changed hands during trading, an increase of 163% from the average session volume of 336,484 shares. The stock had previously closed at C$1.97.

enCore Energy Price Performance

The firm has a market cap of C$324.61 million, a price-to-earnings ratio of -5.76 and a beta of 1.20. The firm’s 50 day moving average price is C$4.49 and its two-hundred day moving average price is C$4.92.

Insider Transactions at enCore Energy

In related news, Director William Morris Sheriff sold 24,000 shares of the stock in a transaction dated 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 own 2.12% of the company’s stock.

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.