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

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

enCore Energy Price 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 has a 50 day moving average price of C$4.45 and a 200-day moving average price of C$4.90.

Insiders Place Their Bets

In other news, Director William Morris Sheriff sold 10,000 shares of enCore Energy stock in a transaction dated 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 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.