enCore Energy (CVE:EU) Trading Up 23.9% – What’s Next?

enCore Energy Corp. (CVE:EU)’s stock price shot up 23.9% on Tuesday . The company traded as high as C$2.46 and last traded at C$2.44. 1,280,798 shares were traded during trading, an increase of 268% from the average session volume of 347,792 shares. The stock had previously closed at C$1.97.

enCore Energy Price Performance

The company’s fifty day simple moving average is C$4.49 and its 200-day simple moving average is C$4.92. The firm has a market capitalization of C$324.61 million, a PE ratio of -5.76 and a beta of 1.20.

Insiders Place Their Bets

In related news, Director William Morris Sheriff sold 24,000 shares of the business’s 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. 2.12% of the stock is owned by company insiders.

About enCore Energy

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.