enCore Energy (CVE:EU) Shares Down 20.9% - What's Next?

Key Points

• enCore Energy Corp. (CVE:EU) experienced a significant decline in its share price, dropping 20.9% during mid-day trading on Thursday, with shares trading as low as C$2.86.
• The stock's trading volume increased to approximately 510,605 shares, which is a 56% rise compared to its average daily volume of 327,150 shares.
• enCore Energy has a market capitalization of C$392.45 million and is engaged in the acquisition, exploration, and development of uranium resource properties primarily in the United States.

enCore Energy Corp. (CVE:EU - Get Free Report) shares were down 20.9% on Thursday . The company traded as low as C$2.86 and last traded at C$2.95. Approximately 510,605 shares changed hands during trading, an increase of 56% from the average daily volume of 327,150 shares. The stock had previously closed at C$3.73.

enCore Energy Stock Performance

The stock has a market capitalization of C$428.37 million, a P/E ratio of -7.61 and a beta of 1.20. The stock's fifty day simple moving average is C$3.70 and its two-hundred day simple moving average is C$2.94.

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.