enCore Energy (CVE:EU) Stock Price Up 23.9% – Should You Buy?

enCore Energy Corp. (CVE:EU)’s share price traded up 23.9% during mid-day trading on Wednesday . The company traded as high as C$2.46 and last traded at C$2.44. 1,281,998 shares changed hands during 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 Stock Performance

The firm has a market cap of C$319.29 million, a price-to-earnings ratio of -5.67 and a beta of 1.20. The stock’s 50 day simple moving average is C$4.35 and its 200-day simple moving average is C$4.87.

Insider Buying and Selling at enCore Energy

In other news, Director William Morris Sheriff sold 10,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$4.94, for a total value of C$49,392.00. 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.