enCore Energy (CVE:EU) Reaches New 52-Week Low – Time to Sell?

enCore Energy Corp. (CVE:EU) hit a new 52-week low on Monday . The company traded as low as C$1.75 and last traded at C$1.74, with a volume of 307108 shares trading hands. The stock had previously closed at C$1.91.

enCore Energy Trading Down 9.2%

The firm has a 50 day moving average price of C$2.10 and a 200-day moving average price of C$2.89. The firm has a market cap of C$336.99 million, a PE ratio of -12.39 and a beta of 1.50.

Insider Transactions at enCore Energy

In other enCore Energy news, Director Wayne William Heili acquired 35,000 shares of the stock in a transaction on Friday, June 12th. The shares were bought at an average price of C$1.98 per share, with a total value of C$69,300.00. Following the acquisition, the director owned 35,000 shares of the company’s stock, valued at C$69,300. This trade represents a ∞ increase in their ownership of the stock. Also, Director Mark Pelizza acquired 18,671 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of C$1.87 per share, for a total transaction of C$34,914.77. Following the completion of the transaction, the director directly owned 157,004 shares in the company, valued at approximately C$293,597.48. This represents a 13.50% increase in their ownership of the stock. In the last quarter, insiders bought 184,905 shares of company stock worth $345,228. 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.