enCore Energy (CVE:EU) Stock Price Up 20.6% – Time to Buy?

Shares of enCore Energy Corp. (CVE:EU) shot up 20.6% during mid-day trading on Tuesday . The company traded as high as C$2.40 and last traded at C$2.38. 1,093,404 shares were traded during mid-day trading, an increase of 218% from the average session volume of 343,361 shares. The stock had previously closed at C$1.97.

enCore Energy Stock Up 23.9 %

The firm has a market capitalization of C$324.61 million, a PE ratio of -5.76 and a beta of 1.20. The company has a 50-day moving average of C$4.49 and a 200 day moving average of C$4.92.

Insider Buying and Selling

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of enCore Energy stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total transaction of C$49,392.00. 2.12% of the stock is 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.