enCore Energy (CVE:EU) Stock Price Down 6.7% - Here's What Happened

enCore Energy Corp. (CVE:EU - Get Free Report)'s share price dropped 6.7% during mid-day trading on Wednesday . The stock traded as low as C$2.08 and last traded at C$2.08. Approximately 95,895 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 356,663 shares. The stock had previously closed at C$2.23.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded shares of enCore Energy to a "strong-buy" rating in a report on Monday, March 10th.

enCore Energy Price Performance

The stock has a market capitalization of C$279.37 million, a P/E ratio of -4.96 and a beta of 1.20. The stock's fifty day moving average is C$4.01 and its two-hundred day moving average is C$4.76.

Insider Activity at enCore Energy

In other news, Director William Morris Sheriff purchased 35,000 shares of enCore Energy stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of C$2.37 per share, for a total transaction of C$83,079.36. 2.12% of the stock is owned by 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.