enCore Energy (CVE:EU) Trading Down 10.5% - Time to Sell?

Shares of enCore Energy Corp. (CVE:EU - Get Free Report) dropped 10.5% on Thursday . The company traded as low as C$2.28 and last traded at C$2.29. Approximately 169,299 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 353,775 shares. The stock had previously closed at C$2.56.

enCore Energy Trading Down 12.7 %

The company's 50-day moving average is C$4.30 and its two-hundred day moving average is C$4.86. The stock has a market capitalization of C$274.05 million, a P/E ratio of -4.87 and a beta of 1.20.

Insider Activity

In other enCore Energy news, Director William Morris Sheriff purchased 35,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of C$2.37 per share, with a total value of C$83,079.36. Corporate insiders own 2.12% of the company's stock.

enCore Energy Company Profile

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.