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

Key Points

• enCore Energy Corp. (CVE:EU) experienced a significant drop in stock price, falling 20.9% to C$2.95 during mid-day trading on Thursday.
• The trading volume increased by 56% to approximately 510,605 shares, surpassing the average daily volume of 327,150 shares.
• enCore Energy has a market capitalization of C$392.45 million and is focused on uranium resource properties in the United States, holding interests in key projects in New Mexico.

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

enCore Energy Price Performance

The firm has a market capitalization of C$431.04 million, a PE ratio of -7.65 and a beta of 1.20. The stock has a 50-day moving average price of C$3.70 and a 200-day moving average price of C$2.94.

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.