enCore Energy (CVE:EU) Trading Down 44.5% – Time to Sell?

enCore Energy Corp. (CVE:EU)’s stock price dropped 44.5% during trading on Monday . The company traded as low as C$1.80 and last traded at C$2.01. Approximately 3,498,741 shares changed hands during mid-day trading, an increase of 1,030% from the average daily volume of 309,508 shares. The stock had previously closed at C$3.62.

enCore Energy Price Performance

The firm’s 50 day simple moving average is C$4.55 and its two-hundred day simple moving average is C$4.93. The firm has a market capitalization of C$262.08 million, a P/E ratio of -4.65 and a beta of 1.20.

Insider Activity at enCore Energy

In related news, Director William Morris Sheriff sold 24,000 shares of enCore Energy stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of C$5.18, for a total value of C$124,426.08. Insiders sold 58,000 shares of company stock worth $296,520 in the last ninety days. 2.12% of the stock is owned by company 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.