enCore Energy (CVE:EU) Stock Price Down 10.5% – Here’s What Happened

Shares of enCore Energy Corp. (CVE:EU) were down 10.5% during mid-day trading on Thursday . The company traded as low as C$2.28 and last traded at C$2.29. Approximately 169,299 shares traded hands 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 Price Performance

The stock has a market cap of C$319.29 million, a price-to-earnings ratio of -5.67 and a beta of 1.20. The business has a 50-day simple moving average of C$4.40 and a two-hundred day simple moving average of C$4.88.

Insiders Place Their Bets

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of the company’s stock in a transaction 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. Company insiders own 2.12% of the company’s stock.

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.