enCore Energy (CVE:EU) Shares Down 42% – Time to Sell?

enCore Energy Corp. (CVE:EU) shares were down 42% during mid-day trading on Monday . The stock traded as low as C$2.10 and last traded at C$2.10. Approximately 2,047,936 shares were traded during mid-day trading, an increase of 645% from the average daily volume of 274,987 shares. The stock had previously closed at C$3.62.

enCore Energy Trading Down 45.6 %

The company has a market capitalization of C$262.08 million, a price-to-earnings ratio of -4.65 and a beta of 1.20. The firm’s 50 day simple moving average is C$4.55 and its 200-day simple moving average is C$4.93.

Insider Transactions at enCore Energy

In other news, Director William Morris Sheriff sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of C$5.18, for a total value of C$124,426.08. Insiders have sold a total of 58,000 shares of company stock worth $296,520 over the last ninety days. 2.12% of the stock is currently owned by company insiders.

About enCore Energy

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.