enCore Energy (CVE:EU) Shares Down 20.9% – Should You Sell?

enCore Energy Corp. (CVE:EU)’s stock price fell 20.9% during trading on Thursday . The stock traded as low as C$2.86 and last traded at C$2.95. 510,605 shares traded hands during mid-day trading, an increase of 56% from the average session volume of 327,150 shares. The stock had previously closed at C$3.73.

enCore Energy Price Performance

The stock has a market cap of C$435.03 million, a P/E ratio of -7.72 and a beta of 1.20. The company’s 50 day simple moving average is C$3.70 and its 200 day simple moving average is C$2.96.

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.