enCore Energy (CVE:EU) Reaches New 12-Month Low – Here’s Why

enCore Energy Corp. (CVE:EU)’s share price hit a new 52-week low on Tuesday . The stock traded as low as C$1.60 and last traded at C$1.64, with a volume of 95861 shares. The stock had previously closed at C$1.67.

enCore Energy Stock Down 2.7%

The company’s fifty day moving average price is C$1.95 and its two-hundred day moving average price is C$2.75. The company has a market cap of C$315.63 million, a price-to-earnings ratio of -11.61 and a beta of 1.50.

Insider Buying and Selling

In other enCore Energy news, Director Wayne William Heili purchased 35,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of C$1.98 per share, with a total value of C$69,300.00. Following the acquisition, the director directly owned 35,000 shares of the company’s stock, valued at approximately C$69,300. This trade represents a ∞ increase in their position. Also, Director Richard Little acquired 16,942 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was acquired at an average price of C$1.76 per share, with a total value of C$29,817.92. Following the transaction, the director owned 46,982 shares in the company, valued at approximately C$82,688.32. The trade was a 56.40% increase in their position. Insiders have acquired a total of 184,905 shares of company stock worth $345,228 in the last three months. Insiders own 2.12% of the company’s stock.

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.