enCore Energy (CVE:EU) Stock Price Up 23.9% - Still a Buy?

Shares of enCore Energy Corp. (CVE:EU - Get Free Report) shot up 23.9% during mid-day trading on Wednesday . The stock traded as high as C$2.46 and last traded at C$2.44. 1,281,998 shares traded hands during trading, an increase of 267% from the average session volume of 349,185 shares. The stock had previously closed at C$1.97.

enCore Energy Stock Down 1.7 %

The firm has a fifty day moving average price of C$4.30 and a 200-day moving average price of C$4.85. The firm has a market cap of C$313.96 million, a price-to-earnings ratio of -5.58 and a beta of 1.20.

Insider Transactions at enCore Energy

In other enCore Energy news, Director William Morris Sheriff acquired 35,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of C$2.37 per share, for a total transaction of C$83,079.36. 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.