enCore Energy (CVE:EU) Trading Down 47.2% – Should You Sell?

enCore Energy Corp. (CVE:EU)’s stock price was down 47.2% on Monday . The company traded as low as C$1.80 and last traded at C$1.91. Approximately 2,847,479 shares were traded during mid-day trading, an increase of 898% from the average daily volume of 285,343 shares. The stock had previously closed at C$3.62.

enCore Energy Stock Down 45.6 %

The company has a market capitalization of C$262.08 million, a PE ratio of -4.65 and a beta of 1.20. The stock’s 50 day moving average is C$4.55 and its two-hundred day moving average is C$4.93.

Insider Transactions at enCore Energy

In other enCore Energy news, Director William Morris Sheriff sold 24,000 shares of enCore Energy stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$5.11, for a total value of C$122,701.63. In the last quarter, insiders sold 58,000 shares of company stock valued at $296,520. Company insiders own 2.12% of the company’s stock.

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.