enCore Energy (CVE:EU) Shares Down 16.6% – Time to Sell?

enCore Energy Corp. (CVE:EU)’s stock price was down 16.6% during mid-day trading on Thursday . The company traded as low as C$1.61 and last traded at C$1.61. Approximately 541,276 shares changed hands during trading, an increase of 16% from the average daily volume of 464,717 shares. The stock had previously closed at C$1.93.

enCore Energy Stock Down 16.3%

The stock has a market cap of C$313.69 million, a PE ratio of -11.54 and a beta of 1.48. The company has a fifty day moving average price of C$1.85 and a 200 day moving average price of C$2.53.

Insider Buying and Selling

In related news, Director Wayne William Heili acquired 35,000 shares of the stock in a transaction on Friday, June 12th. The stock was purchased at an average price of C$1.98 per share, for a total transaction of C$69,300.00. Following the completion of the transaction, the director owned 35,000 shares of the company’s stock, valued at C$69,300. This trade represents a ? increase in their position. Also, Director Richard Little acquired 16,942 shares of the stock in a transaction on Tuesday, June 9th. The stock was bought at an average price of C$1.76 per share, with a total value of C$29,817.92. Following the transaction, the director directly owned 46,982 shares of the company’s stock, valued at approximately C$82,688.32. The trade was a 56.40% increase in their position. Insiders have purchased a total of 184,905 shares of company stock worth $345,228 in the last ninety days. 2.12% of the stock is owned by 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.