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

Key Points

• enCore Energy Corp.'s stock experienced a significant decline of 20.9%, trading as low as C$2.86 and last at C$2.95.
• The company holds various uranium projects in New Mexico and currently has a market cap of C$392.45 million.
• Trading volume rose to approximately 510,605 shares, marking a 56% increase from the average daily volume.

enCore Energy Corp. (CVE:EU - Get Free Report)'s stock price was down 20.9% during trading on Thursday . The stock traded as low as C$2.86 and last traded at C$2.95. Approximately 510,605 shares changed hands during mid-day 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 Stock 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 stock has a market capitalization of C$431.04 million, a PE ratio of -7.65 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.