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

enCore Energy Corp. (CVE:EU)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as C$1.75 and last traded at C$1.74, with a volume of 307108 shares trading hands. The stock had previously closed at C$1.91.

enCore Energy Price Performance

The company has a market capitalization of C$336.99 million, a PE ratio of -12.39 and a beta of 1.50. The company’s fifty day moving average is C$2.10 and its 200-day moving average is C$2.89.

Insider Activity

In related news, Director Mark Pelizza acquired 43,511 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average cost of C$1.88 per share, with a total value of C$81,800.68. Following the completion of the acquisition, the director directly owned 200,515 shares of the company’s stock, valued at C$376,968.20. This represents a 27.71% increase in their ownership of the stock. Also, Director Wayne William Heili bought 35,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average price of C$1.98 per share, for a total transaction of C$69,300.00. Following the transaction, the director owned 35,000 shares of the company’s stock, valued at C$69,300. The trade was a ∞ increase in their ownership of the stock. Insiders have purchased a total of 184,905 shares of company stock worth $345,228 over the last 90 days. 2.12% of the stock is currently owned by corporate insiders.

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.