enCore Energy (CVE:EU) Shares Down 45.6% – Should You Sell?

Shares of enCore Energy Corp. (CVE:EU) dropped 45.6% during mid-day trading on Tuesday . The stock traded as low as C$1.80 and last traded at C$1.97. Approximately 4,139,132 shares were traded 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 company has a market capitalization of C$262.08 million, a PE ratio of -4.65 and a beta of 1.20. The company has a 50 day simple moving average of C$4.49 and a 200 day simple moving average of C$4.92.

Insider Buying and Selling

In related news, Director William Morris Sheriff sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$4.94, for a total transaction of C$49,392.00. 2.12% of the stock is currently 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.