enCore Energy (CVE:EU) Hits New 1-Year Low – Here’s Why

enCore Energy Corp. (CVE:EU) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$1.49 and last traded at C$1.50, with a volume of 1311715 shares changing hands. The stock had previously closed at C$1.58.

enCore Energy Trading Down 5.7%

The company has a market cap of C$289.48 million, a price-to-earnings ratio of -4.52 and a beta of 1.48. The business has a 50-day moving average price of C$1.82 and a 200 day moving average price of C$2.47.

Insider Transactions at enCore Energy

In related news, Director Mark Pelizza purchased 18,671 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of C$1.87 per share, for a total transaction of C$34,914.77. Following the transaction, the director directly owned 157,004 shares of the company’s stock, valued at C$293,597.48. This trade represents a 13.50% increase in their position. Also, Director Richard Little purchased 16,942 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was bought at an average cost of C$1.76 per share, for a total transaction of C$29,817.92. Following the purchase, the director directly owned 46,982 shares in the company, valued at C$82,688.32. This represents a 56.40% increase in their position. Insiders have purchased 184,905 shares of company stock valued at $345,228 over the last three months. Company 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.