Free Trial

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

enCore Energy logo with Energy background
Remove Ads

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.

Read Our Latest Analysis on enCore Energy

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

(Get Free Report)

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.

See Also

Should You Invest $1,000 in enCore Energy Right Now?

Before you consider enCore Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and enCore Energy wasn't on the list.

While enCore Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Institutions Are Dumping These 3 Stocks—Should You?
Will Tesla’s Robot Future Save Its Falling Stock?
NVIDIA’s Dip Is a Gift—Here’s Why It Won’t Last

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads