enCore Energy (CVE:EU) Stock Price Up 23.9% – Time to Buy?

enCore Energy Corp. (CVE:EU)’s share price rose 23.9% during mid-day trading on Tuesday . The stock traded as high as C$2.46 and last traded at C$2.44. Approximately 1,281,998 shares changed hands 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 cap of C$324.61 million, a price-to-earnings ratio of -5.76 and a beta of 1.20. The firm has a fifty day simple moving average of C$4.45 and a 200-day simple moving average of C$4.90.

Insider Transactions at enCore Energy

In other news, Director William Morris Sheriff sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total value of C$49,392.00. 2.12% of the stock is currently 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.