enCore Energy (CVE:EU) Stock Price Down 45.6% – What’s Next?

Shares of enCore Energy Corp. (CVE:EU) dropped 45.6% on Tuesday . The stock traded as low as C$1.80 and last traded at C$1.97. Approximately 4,139,132 shares changed hands during mid-day trading, an increase of 1,166% from the average daily volume of 326,975 shares. The stock had previously closed at C$3.62.

enCore Energy Stock Performance

The firm has a market capitalization of C$340.57 million, a PE ratio of -6.05 and a beta of 1.20. The business’s fifty day simple moving average is C$4.40 and its 200-day simple moving average is C$4.88.

Insider Activity at enCore Energy

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of enCore Energy 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.