enCore Energy (CVE:EU) Trading Down 6.7% - What's Next?

Shares of enCore Energy Corp. (CVE:EU - Get Free Report) fell 6.7% during trading on Wednesday . The stock traded as low as C$2.08 and last traded at C$2.08. 95,895 shares were traded during mid-day trading, a decline of 73% from the average session volume of 356,663 shares. The stock had previously closed at C$2.23.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts upgraded shares of enCore Energy to a "strong-buy" rating in a research note on Monday.

enCore Energy Trading Up 4.9 %

The stock has a market cap of C$283.37 million, a P/E ratio of -5.03 and a beta of 1.20. The stock has a 50 day simple moving average of C$4.07 and a 200 day simple moving average of C$4.78.

Insider Buying and Selling

In other enCore Energy news, Director William Morris Sheriff sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of C$4.94, for a total transaction of C$49,392.00. 2.12% of the stock is owned by company 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.