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

enCore Energy Corp. (CVE:EU) shares dropped 45.6% during mid-day trading on Monday . The company traded as low as C$1.80 and last traded at C$1.97. Approximately 4,139,132 shares changed hands during trading, an increase of 1,191% from the average daily volume of 320,553 shares. The stock had previously closed at C$3.62.

enCore Energy Price Performance

The business has a 50 day moving average of C$4.55 and a 200 day moving average of C$4.93. The firm has a market capitalization of C$262.08 million, a price-to-earnings ratio of -4.65 and a beta of 1.20.

Insider Activity

In other news, Director William Morris Sheriff sold 24,000 shares of the 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. In the last 90 days, insiders sold 58,000 shares of company stock worth $296,520. 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.