enCore Energy (CVE:EU) Shares Up 16.8% – Still a Buy?

enCore Energy Corp. (CVE:EU)’s stock price shot up 16.8% during mid-day trading on Tuesday . The company traded as high as C$2.31 and last traded at C$2.30. 713,787 shares changed hands during trading, an increase of 120% from the average session volume of 324,321 shares. The stock had previously closed at C$1.97.

enCore Energy Stock Performance

The stock has a 50 day moving average of C$4.49 and a 200 day moving average of C$4.92. The stock has a market capitalization of C$324.61 million, a P/E ratio of -5.76 and a beta of 1.20.

Insider Activity

In other enCore Energy news, Director William Morris Sheriff sold 24,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$5.11, for a total transaction of C$122,701.63. Corporate 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.