enCore Energy (CVE:EU) Shares Up 23.9% – Here’s Why

enCore Energy Corp. (CVE:EU) shares shot up 23.9% during mid-day trading on Tuesday . The stock traded as high as C$2.46 and last traded at C$2.44. 1,281,998 shares changed hands during mid-day 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 Performance

The firm has a market capitalization of C$324.61 million, a price-to-earnings ratio of -5.76 and a beta of 1.20. The company has a 50-day moving average of C$4.45 and a 200-day moving average of C$4.90.

Insider Buying and Selling at enCore Energy

In other news, Director William Morris Sheriff sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total transaction of C$49,392.00. Company insiders own 2.12% of the company’s stock.

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.