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

Shares of enCore Energy Corp. (CVE:EU) traded down 45.6% during mid-day trading on Tuesday . The stock traded as low as C$1.80 and last traded at C$1.97. 4,139,132 shares were traded 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 Price Performance

The firm has a market cap of C$262.08 million, a price-to-earnings ratio of -4.65 and a beta of 1.20. The firm’s fifty day moving average is C$4.49 and its 200-day moving average is C$4.92.

Insiders Place Their Bets

In other enCore Energy news, Director William Morris Sheriff sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$5.11, for a total value of C$122,701.63. 2.12% of the stock is currently owned by corporate 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.