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

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

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.