enCore Energy (CVE:EU) Trading Up 20.6% – Time to Buy?

enCore Energy Corp. (CVE:EU) was up 20.6% during mid-day trading on Tuesday . The company traded as high as C$2.40 and last traded at C$2.38. Approximately 1,093,404 shares changed hands during trading, an increase of 218% from the average daily volume of 343,361 shares. The stock had previously closed at C$1.97.

enCore Energy Stock Performance

The firm has a market cap of C$324.61 million, a price-to-earnings ratio of -5.76 and a beta of 1.20. The business’s 50-day moving average is C$4.49 and its 200-day moving average is C$4.92.

Insider Buying and Selling

In other enCore Energy news, Director William Morris Sheriff sold 24,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$5.11, for a total value of C$122,701.63. 2.12% of the stock is 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.