enCore Energy (CVE:EU) Trading Down 45.6% – What’s Next?

enCore Energy Corp. (CVE:EU)’s share price dropped 45.6% during mid-day trading on Tuesday . The company traded as low as C$1.80 and last traded at C$1.97. Approximately 4,139,132 shares traded hands during mid-day trading, an increase of 1,166% from the average daily volume of 326,975 shares. The stock had previously closed at C$3.62.

enCore Energy Stock Down 45.6 %

The stock has a market cap of C$262.08 million, a price-to-earnings ratio of -4.65 and a beta of 1.20. The company has a 50 day simple moving average of C$4.49 and a 200 day simple moving average of C$4.92.

Insider Buying and Selling

In related news, Director William Morris Sheriff sold 10,000 shares of the firm’s stock in a transaction on 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 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.