enCore Energy (CVE:EU) Shares Down 2.6% - What's Next?

Key Points

• Shares of enCore Energy Corp. experienced a decline of 2.6% on Wednesday, trading at C$3.75, down from a previous close of C$3.85.
• The company's market capitalization stands at C$498.88 million, with a negative price-to-earnings ratio of -8.86.
• enCore Energy focuses on the acquisition, exploration, and development of uranium properties in the United States, holding significant interests in projects located in New Mexico.

Shares of enCore Energy Corp. (CVE:EU - ) dropped 2.6% during mid-day trading on Wednesday . The company traded as low as C$3.75 and last traded at C$3.75. Approximately 159,073 shares traded hands during trading, a decline of 52% from the average daily volume of 330,317 shares. The stock had previously closed at C$3.85.

enCore Energy Stock Performance

The stock has a market capitalization of C$498.88 million, a price-to-earnings ratio of -8.86 and a beta of 1.20. The company has a 50-day moving average of C$3.63 and a 200-day moving average of C$3.02.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.