enCore Energy (CVE:EU) Sets New 52-Week Low – Time to Sell?

enCore Energy Corp. (CVE:EU) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$1.49 and last traded at C$1.50, with a volume of 1311715 shares traded. The stock had previously closed at C$1.58.

enCore Energy Stock Down 5.7%

The company has a market capitalization of C$289.48 million, a price-to-earnings ratio of -4.52 and a beta of 1.48. The stock has a 50 day simple moving average of C$1.82 and a 200 day simple moving average of C$2.47.

Insider Activity at enCore Energy

In related news, Director Mark Pelizza acquired 43,511 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of C$1.88 per share, for a total transaction of C$81,800.68. Following the purchase, the director directly owned 200,515 shares in the company, valued at C$376,968.20. This represents a 27.71% increase in their ownership of the stock. Also, Director Wayne William Heili acquired 35,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average price of C$1.98 per share, with a total value of C$69,300.00. Following the completion of the purchase, the director owned 35,000 shares in the company, valued at C$69,300. The trade was a ? increase in their ownership of the stock. Insiders purchased 184,905 shares of company stock worth $345,228 in the last 90 days. 2.12% of the stock is currently owned by company 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.