enCore Energy (CVE:EU) Trading Up 22.3% – Here’s Why

enCore Energy Corp. (CVE:EU) shares shot up 22.3% on Tuesday . The company traded as high as C$2.41 and last traded at C$2.41. 1,168,067 shares changed hands during mid-day trading, an increase of 238% from the average session volume of 345,810 shares. The stock had previously closed at C$1.97.

enCore Energy Stock Performance

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

Insider Buying and Selling at enCore Energy

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

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.