enCore Energy (CVE:EU) Shares Up 23.9% – Time to Buy?

enCore Energy Corp. (CVE:EU)’s share price rose 23.9% during trading on Wednesday . The stock traded as high as C$2.46 and last traded at C$2.44. Approximately 1,281,998 shares traded hands during 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 Trading Up 23.9 %

The stock’s fifty day moving average price is C$4.45 and its 200 day moving average price is C$4.90. The stock 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 other enCore Energy news, Director William Morris Sheriff sold 24,000 shares of the business’s 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 currently owned by 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.