enCore Energy (CVE:EU) Sets New 12-Month Low – Time to Sell?

enCore Energy Corp. (CVE:EU)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$3.56 and last traded at C$3.63, with a volume of 660454 shares changing hands. The stock had previously closed at C$3.72.

enCore Energy Stock Down 2.2 %

The firm’s fifty day moving average price is C$4.66 and its 200 day moving average price is C$4.96. The stock has a market cap of C$484.25 million, a PE ratio of -8.60 and a beta of 1.20.

Insiders Place Their Bets

In other news, Director William Morris Sheriff sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$5.11, for a total transaction of C$122,701.63. Insiders sold 58,000 shares of company stock valued at $296,520 over the last three months. 2.12% of the stock is 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.