enCore Energy (CVE:EU) Shares Up 16.8% – Here’s Why

enCore Energy Corp. (CVE:EU) shares were up 16.8% during trading on Tuesday . The company traded as high as C$2.31 and last traded at C$2.30. Approximately 713,787 shares changed hands during trading, an increase of 120% from the average daily volume of 324,321 shares. The stock had previously closed at C$1.97.

enCore Energy Price Performance

The company has a market cap of C$324.61 million, a PE ratio of -5.76 and a beta of 1.20. The company has a 50-day moving average price of C$4.49 and a two-hundred day moving average price of C$4.92.

Insider Buying and Selling

In other news, Director William Morris Sheriff sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$4.94, for a total transaction 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.