enCore Energy (CVE:EU) Shares Down 45.6% – Here’s What Happened

enCore Energy Corp. (CVE:EU)’s stock price was down 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 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 Price Performance

The stock has a market cap of C$262.08 million, a price-to-earnings ratio of -4.65 and a beta of 1.20. The business has a fifty day moving average of C$4.49 and a 200 day moving average of C$4.92.

Insider Transactions at enCore Energy

In related news, Director William Morris Sheriff sold 24,000 shares of the business’s 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. 2.12% of the stock is currently owned by company 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.