With A 26% Price Drop For enCore Energy Corp. (CVE:EU) You’ll Still Get What You Pay For
Explore enCore Energy’s Fair Values from the Community and select yours
The enCore Energy Corp. (CVE:EU) share price has softened a substantial 26% over the previous 30 days, handing back much of the gains the stock has made lately. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 38% in that time.
Even after such a large drop in price, you could still be forgiven for thinking enCore Energy is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 8.9x, considering almost half the companies in Canada’s Oil and Gas industry have P/S ratios below 2.1x. Nonetheless, we’d need to dig a little deeper to determine if there is a…
