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.

enCore Energy Corp. (CVE:EU - Get Free Report)'s stock price traded down 20.9% during trading on Thursday . The company traded as low as C$2.86 and last traded at C$2.95. 510,605 shares traded hands 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 Stock Performance

The stock'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$428.37 million, a P/E ratio of -7.61 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.