enCore Energy (CVE:EU) Trading 23.9% Higher – Here’s Why

enCore Energy Corp. (CVE:EU) shares were up 23.9% on Tuesday . The stock traded as high as C$2.46 and last traded at C$2.44. Approximately 1,281,998 shares were traded during mid-day trading, an increase of 267% from the average daily volume of 349,185 shares. The stock had previously closed at C$1.97.

enCore Energy Price Performance

The firm’s 50-day moving average is C$4.45 and its two-hundred day moving average is C$4.90. The company has a market cap of C$324.61 million, a P/E ratio of -5.76 and a beta of 1.20.

Insider Buying and Selling

In related news, Director William Morris Sheriff sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were 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 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.