enCore Energy (CVE:EU) Stock Price Up 9.6% – Still a Buy?

enCore Energy Corp. (CVE:EU)’s share price shot up 9.6% during trading on Tuesday . The company traded as high as C$2.20 and last traded at C$2.16. 219,626 shares were traded during mid-day trading, a decline of 31% from the average session volume of 319,638 shares. The stock had previously closed at C$1.97.

enCore Energy Price Performance

The stock’s 50 day simple moving average is C$4.49 and its two-hundred day simple moving average is C$4.92. The company has a market capitalization of C$311.30 million, a P/E ratio of -5.53 and a beta of 1.20.

Insider Activity

In related news, Director William Morris Sheriff sold 10,000 shares of enCore Energy stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$4.94, for a total transaction of C$49,392.00. Insiders own 2.12% of the company’s stock.

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.