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

enCore Energy Corp. (CVE:EU) traded down 45.6% during trading on Tuesday . The company traded as low as C$1.80 and last traded at C$1.97. 4,139,132 shares changed hands during mid-day trading, an increase of 1,166% from the average session volume of 326,975 shares. The stock had previously closed at C$3.62.

enCore Energy Trading Up 4.9 %

The company’s 50 day moving average is C$4.40 and its 200 day moving average is C$4.88. The company has a market cap of C$340.57 million, a PE ratio of -6.05 and a beta of 1.20.

Insiders Place Their Bets

In related news, Director William Morris Sheriff sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$4.94, for a total value of C$49,392.00. 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.