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

enCore Energy Corp. (CVE:EU) dropped 45.6% during trading on Tuesday . The company traded as low as C$1.80 and last traded at C$1.97. Approximately 4,139,132 shares traded hands during mid-day trading, an increase of 1,166% from the average daily 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 price-to-earnings ratio of -4.65 and a beta of 1.20. The firm has a 50 day moving average price of C$4.49 and a two-hundred day moving average price of C$4.92.

Insider Activity at enCore Energy

In other news, Director William Morris Sheriff sold 24,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$5.11, for a total transaction of C$122,701.63. 2.12% of the stock is currently owned by company insiders.

enCore Energy Company Profile

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.