enCore Energy (CVE:EU) Stock Price Down 20.9% – Here’s Why

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

enCore Energy Stock Performance

The company has a market capitalization of C$392.45 million, a P/E ratio of -6.97 and a beta of 1.20. The firm’s fifty day moving average is C$3.69 and its 200-day moving average is C$2.98.

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.