enCore Energy (CVE:EU) Stock Price Down 45.6% – Should You Sell?

enCore Energy Corp. (CVE:EU)’s stock price 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 were traded 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 Trading Down 45.6 %

The stock has a market capitalization of C$262.08 million, a P/E ratio of -4.65 and a beta of 1.20. The company has a 50-day moving average price of C$4.49 and a 200 day moving average price of C$4.92.

Insiders Place Their Bets

In other news, Director William Morris Sheriff sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total value of C$49,392.00. Over the last ninety days, insiders sold 58,000 shares of company stock worth $296,520. 2.12% of the stock is 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.