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

enCore Energy Corp. (CVE:EU) shares were down 10.5% during trading on Thursday . The company traded as low as C$2.28 and last traded at C$2.29. Approximately 169,299 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 353,775 shares. The stock had previously closed at C$2.56.

enCore Energy Trading Down 6.3 %

The firm has a market cap of C$319.29 million, a price-to-earnings ratio of -5.67 and a beta of 1.20. The company has a 50 day moving average of C$4.40 and a 200 day moving average of C$4.88.

Insider Buying and Selling

In other enCore Energy 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. 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.