enCore Energy (CVE:EU) Shares Down 45.6% – Here’s Why

enCore Energy Corp. (CVE:EU)’s stock price fell 45.6% on Monday . The stock traded as low as C$1.80 and last traded at C$1.97. 4,139,132 shares changed hands during mid-day trading, an increase of 1,166% from the average session volume of 326,975 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 PE ratio of -4.65 and a beta of 1.20. The business’s fifty day moving average is C$4.49 and its 200-day moving average is C$4.92.

Insider Transactions at enCore Energy

In related news, Director William Morris Sheriff sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of C$5.18, for a total transaction of C$124,426.08. Insiders have sold 58,000 shares of company stock worth $296,520 in the last 90 days. 2.12% of the stock is currently owned by 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.