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

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

enCore Energy Stock Performance

The firm has a market capitalization 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$4.45 and its two-hundred day moving average price is C$4.90.

Insider Activity

In related news, Director William Morris Sheriff sold 24,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was 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 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.