enCore Energy (CVE:EU) Shares Down 45.6% – Here’s Why

enCore Energy Corp. (CVE:EU)’s stock price fell 45.6% during trading on Tuesday . The stock traded as low as C$1.80 and last traded at C$1.97. 4,139,132 shares were traded during trading, an increase of 1,166% from the average session volume of 326,975 shares. The stock had previously closed at C$3.62.

enCore Energy Stock Performance

The company has a market capitalization of C$340.57 million, a PE ratio of -6.05 and a beta of 1.20. The business has a fifty day moving average price of C$4.40 and a 200 day moving average price of C$4.88.

Insider Buying and Selling at enCore Energy

In related news, Director William Morris Sheriff sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total transaction of C$49,392.00. 2.12% of the stock is currently owned by corporate insiders.

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.