enCore Energy (CVE:EU) Stock Price Up 9.6% – Time to Buy?

Shares of enCore Energy Corp. (CVE:EU) traded up 9.6% during mid-day trading on Tuesday . The stock traded as high as C$2.20 and last traded at C$2.16. 219,626 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 319,638 shares. The stock had previously closed at C$1.97.

enCore Energy Stock Performance

The firm’s 50-day simple moving average is C$4.49 and its 200 day simple moving average is C$4.92. The stock has a market capitalization of C$311.30 million, a P/E ratio of -5.53 and a beta of 1.20.

Insider Buying and Selling

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$4.94, for a total value of C$49,392.00. 2.12% of the stock is currently owned by corporate insiders.

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.