enCore Energy (CVE:EU) Shares Down 10.5% – Should You Sell?

enCore Energy Corp. (CVE:EU) dropped 10.5% on Thursday . The company traded as low as C$2.28 and last traded at C$2.29. Approximately 163,799 shares were traded during trading, a decline of 54% from the average daily volume of 353,775 shares. The stock had previously closed at C$2.56.

enCore Energy Stock Performance

The firm has a 50 day moving average price of C$4.40 and a two-hundred day moving average price of C$4.88. The company has a market capitalization of C$319.29 million, a P/E ratio of -5.67 and a beta of 1.20.

Insider Buying and Selling at enCore Energy

In other news, Director William Morris Sheriff sold 10,000 shares of the business’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. Company 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.