enCore Energy (CVE:EU) Hits New 52-Week Low – Time to Sell?

enCore Energy Corp. (CVE:EU) hit a new 52-week low during trading on Tuesday . The stock traded as low as C$3.86 and last traded at C$4.00, with a volume of 111983 shares. The stock had previously closed at C$3.98.

enCore Energy Price Performance

The firm has a market capitalization of C$512.19 million, a PE ratio of -9.10 and a beta of 1.20. The company’s fifty day simple moving average is C$4.69 and its 200-day simple moving average is C$4.97.

Insider Buying and Selling at enCore Energy

In related news, Director William Morris Sheriff sold 24,000 shares of enCore Energy stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$5.11, for a total value of C$122,701.63. In the last quarter, insiders sold 58,000 shares of company stock worth $296,520. Insiders own 2.12% of the company’s stock.

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.