enCore Energy Corp. (CVE:EU – Get Free Report) shares dropped 20.9% on Thursday . The stock traded as low as C$2.86 and last traded at C$2.95. Approximately 510,605 shares were traded during trading, an increase of 56% from the average daily volume of 327,150 shares. The stock had previously closed at C$3.73.
enCore Energy Price Performance
The company’s fifty day simple moving average is C$3.69 and its two-hundred day simple moving average is C$2.98. The stock has a market cap of C$392.45 million, a price-to-earnings ratio of -6.97 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.
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