enCore Energy (CVE:EU) Shares Down 6.6% - Should You Sell?

enCore Energy Corp. (CVE:EU - Get Free Report) shares fell 6.6% during trading on Monday . The stock traded as low as C$4.56 and last traded at C$4.70. 292,405 shares traded hands during trading, an increase of 78% from the average session volume of 164,733 shares. The stock had previously closed at C$5.03.

enCore Energy Stock Performance

The stock has a market capitalization of C$883.01 million, a price-to-earnings ratio of -26.56 and a beta of 1.20. The company has a fifty day simple moving average of C$4.94 and a two-hundred day simple moving average of C$5.08.

Insider Transactions at enCore Energy

In other enCore Energy news, Director William Morris Sheriff sold 24,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of C$5.18, for a total transaction of C$124,426.08. Over the last 90 days, insiders sold 58,000 shares of company stock valued at $296,520. 2.12% of the stock is currently owned by 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.