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enCore Energy (CVE:EU) Shares Down 10.5% - Should You Sell?

enCore Energy logo with Energy background
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enCore Energy Corp. (CVE:EU - Get Free Report) fell 10.5% during mid-day trading on Thursday . The stock traded as low as C$2.28 and last traded at C$2.29. 163,799 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 353,775 shares. The stock had previously closed at C$2.56.

enCore Energy Price Performance

The firm's 50-day moving average price is C$4.30 and its 200 day moving average price is C$4.86. The firm has a market capitalization of C$274.05 million, a price-to-earnings ratio of -4.87 and a beta of 1.20.

Insider Activity at enCore Energy

In other news, Director William Morris Sheriff purchased 35,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of C$2.37 per share, for a total transaction of C$83,079.36. 2.12% of the stock is owned by corporate insiders.

About enCore Energy

(Get Free Report)

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.

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