enCore Energy (CVE:EU) Stock Price Down 2.5% - Here's What Happened

Shares of enCore Energy Corp. (CVE:EU - Get Free Report) dropped 2.5% during mid-day trading on Wednesday . The company traded as low as C$3.51 and last traded at C$3.54. Approximately 197,360 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 345,906 shares. The stock had previously closed at C$3.63.

enCore Energy Price Performance

The stock has a market capitalization of C$472.28 million, a P/E ratio of -8.39 and a beta of 1.20. The business's 50 day simple moving average is C$2.94 and its 200-day simple moving average is C$3.21.

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.