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

Key Points

• enCore Energy Corp. shares fell by 20.9%, closing at C$2.95 after trading as low as C$2.86, marking a significant drop from its previous close of C$3.73.
• Approximately 510,605 shares were traded, which is a 56% increase compared to its average daily volume of 327,150 shares.
• The company is engaged in acquiring and developing uranium resource properties in the United States, including projects in New Mexico covering over 3,800 acres.

enCore Energy Corp. (CVE:EU - Get Free Report)'s stock price fell 20.9% during trading on Thursday . The stock traded as low as C$2.86 and last traded at C$2.95. 510,605 shares were traded during mid-day 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 Trading Down 2.8%

The firm'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 capitalization of C$423.05 million, a price-to-earnings ratio of -7.51 and a beta of 1.20.

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.