enCore Energy (CVE:EU) Shares Down 1.4% - What's Next?

enCore Energy Corp. (CVE:EU - Get Free Report)'s stock price traded down 1.4% during trading on Wednesday . The company traded as low as C$5.46 and last traded at C$5.49. 64,527 shares were traded during mid-day trading, a decline of 69% from the average session volume of 209,459 shares. The stock had previously closed at C$5.57.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EU. Canaccord Genuity Group increased their target price on enCore Energy from C$8.00 to C$8.50 and gave the company a "buy" rating in a report on Tuesday, September 24th. Ventum Cap Mkts raised shares of enCore Energy to a "strong-buy" rating in a report on Monday, July 8th. Finally, Ventum Financial set a C$7.00 target price on shares of enCore Energy and gave the company a "buy" rating in a report on Thursday, August 22nd.

enCore Energy Stock Down 0.9 %

The stock's 50 day simple moving average is C$5.26. The company has a market capitalization of C$1.00 billion, a P/E ratio of -30.50 and a beta of 1.20.

enCore Energy (CVE:EU - Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported C($0.07) earnings per share for the quarter. enCore Energy had a negative return on equity of 6.92% and a negative net margin of 58.43%. The business had revenue of C$7.28 million during the quarter.

Insider Transactions at enCore Energy

In other news, Director William Morris Sheriff sold 10,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$3.80, for a total value of C$38,000.00. 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.