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

Key Points

• enCore Energy Corp. (CVE:EU) saw a significant drop of 20.9% in its stock price, trading as low as C$2.86 before closing at C$2.95.
• The company has a current market capitalization of C$392.45 million and a P/E ratio of -6.97.
• enCore Energy is focused on the acquisition and development of uranium properties in the United States, primarily in New Mexico's Grants Uranium Belt.

Shares of enCore Energy Corp. (CVE:EU - Get Free Report) traded down 20.9% during mid-day 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 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 1.5%

The stock's 50-day moving average is C$3.70 and its 200-day moving average is C$2.94. The firm has a market capitalization of C$428.37 million, a price-to-earnings 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.