enCore Energy (CVE:EU) Stock Price Down 45.6% – Time to Sell?

enCore Energy Corp. (CVE:EU)’s share price traded down 45.6% during trading on Monday . The stock traded as low as C$1.80 and last traded at C$1.97. 4,139,132 shares traded hands during mid-day trading, an increase of 1,191% from the average session volume of 320,553 shares. The stock had previously closed at C$3.62.

enCore Energy Stock Down 45.6 %

The company has a market cap of C$262.08 million, a P/E ratio of -4.65 and a beta of 1.20. The stock has a 50 day moving average price of C$4.55 and a two-hundred day moving average price of C$4.93.

Insider Buying and Selling at enCore Energy

In other news, Director William Morris Sheriff sold 24,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$5.11, for a total value of C$122,701.63. Insiders have sold a total of 58,000 shares of company stock valued at $296,520 in the last ninety days. 2.12% of the stock is currently owned by corporate 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.