enCore Energy (CVE:EU) Shares Down 47.2% – Here’s Why

enCore Energy Corp. (CVE:EU) shares fell 47.2% during trading on Monday . The company traded as low as C$1.80 and last traded at C$1.91. 2,847,479 shares changed hands during trading, an increase of 898% from the average session volume of 285,343 shares. The stock had previously closed at C$3.62.

enCore Energy Price Performance

The stock has a market capitalization of C$262.08 million, a PE ratio of -4.65 and a beta of 1.20. The firm has a fifty day moving average price of C$4.55 and a two-hundred day moving average price of C$4.93.

Insiders Place Their Bets

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of C$4.94, for a total value of C$49,392.00. Insiders have sold a total of 58,000 shares of company stock worth $296,520 over the last quarter. Company insiders own 2.12% of the company’s stock.

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.