enCore Energy (CVE:EU) Stock Price Down 20.9% - Should You Sell?

Key Points

• enCore Energy Corp. shares fell by 20.9% during trading, hitting a low of C$2.86 before closing at C$2.95.
• The company's market cap is C$392.45 million, with a PE ratio of -6.97 and a beta of 1.20.
• enCore Energy specializes in the acquisition, exploration, and development of uranium resource properties in the United States.

Shares of enCore Energy Corp. (CVE:EU - Get Free Report) were down 20.9% during mid-day trading on Thursday . The stock traded as low as C$2.86 and last traded at C$2.95. Approximately 510,605 shares were traded 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 Price Performance

The company's 50-day moving average price is C$3.70 and its 200-day moving average price is C$2.94. The company has a market cap of C$429.70 million, a P/E ratio of -7.63 and a beta of 1.20.

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.