enCore Energy (CVE:EU) Sets New 12-Month Low – Here’s Why

enCore Energy Corp. (CVE:EU)’s share price hit a new 52-week low on Tuesday . The stock traded as low as C$3.86 and last traded at C$4.00, with a volume of 111983 shares traded. The stock had previously closed at C$3.98.

enCore Energy Price Performance

The business has a 50 day simple moving average of C$4.73 and a 200 day simple moving average of C$4.98. The company has a market capitalization of C$525.49 million, a price-to-earnings ratio of -9.33 and a beta of 1.20.

Insiders Place Their Bets

In other news, Director William Morris Sheriff sold 10,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total value of C$49,392.00. Insiders have sold 58,000 shares of company stock worth $296,520 over the last ninety days. 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.