enCore Energy (CVE:EU) Shares Up 23.9% – Here’s What Happened

enCore Energy Corp. (CVE:EU)’s share price shot up 23.9% during mid-day trading on Tuesday . The company traded as high as C$2.46 and last traded at C$2.44. 1,281,998 shares were traded during mid-day trading, an increase of 267% from the average session volume of 349,185 shares. The stock had previously closed at C$1.97.

enCore Energy Price Performance

The stock’s 50-day moving average price is C$4.49 and its 200-day moving average price is C$4.92. The company has a market cap of C$324.61 million, a P/E ratio of -5.76 and a beta of 1.20.

Insider Activity

In related news, Director William Morris Sheriff sold 24,000 shares of the company’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. 2.12% of the stock is currently owned by company 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.