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

Key Points

• enCore Energy Corp. shares fell by 20.9% during mid-day trading, dropping to C$2.95 from a previous close of C$3.73.
• The company's market capitalization is C$392.45 million with a P/E ratio of -6.97 and a beta of 1.20.
• enCore Energy focuses on the acquisition and development of uranium resource properties in the United States, holding interests in multiple projects located in New Mexico.

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

The stock has a market capitalization of C$431.04 million, a P/E ratio of -7.65 and a beta of 1.20. The business's 50 day simple moving average is C$3.70 and its 200-day simple moving average is C$2.94.

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.