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

Shares of enCore Energy Corp. (CVE:EU) were up 23.9% on Wednesday . The company traded as high as C$2.46 and last traded at C$2.44. Approximately 1,281,998 shares were traded during mid-day trading, an increase of 267% from the average daily volume of 349,185 shares. The stock had previously closed at C$1.97.

enCore Energy Stock Performance

The stock has a market capitalization of C$319.29 million, a PE ratio of -5.67 and a beta of 1.20. The firm’s 50 day moving average is C$4.35 and its two-hundred day moving average is C$4.87.

Insider Transactions at enCore Energy

In related news, Director William Morris Sheriff sold 10,000 shares of the firm’s stock in a transaction that occurred 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. Corporate insiders own 2.12% of the company’s stock.

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.