enCore Energy (CVE:EU) Stock Price Up 23.9% – Here’s What Happened

enCore Energy Corp. (CVE:EU)’s stock price rose 23.9% during trading on Wednesday . The stock traded as high as C$2.46 and last traded at C$2.44. Approximately 1,281,998 shares changed hands during trading, an increase of 267% from the average daily volume of 349,185 shares. The stock had previously closed at C$1.97.

enCore Energy Price Performance

The firm has a market cap of C$324.61 million, a price-to-earnings ratio of -5.76 and a beta of 1.20. The firm’s 50 day moving average price is C$4.45 and its two-hundred day moving average price is C$4.90.

Insiders Place Their Bets

In other 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 transaction of C$49,392.00. 2.12% of the stock is 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.